Prudential Financial’s subsidiary signed a $4 bn longevity risk transfer deal with NN Life & Pensions, part of NN Group.
The reinsurance covers about 96,000 policyholders with The Prudential Insurance Company of America, effective July 1, 2025.
This is the second such transaction between the two companies, strengthening Prudential’s footprint in the Netherlands.
Rohit Mathur, head of International Reinsurance at Prudential Retirement Strategies, said the partnership’s history since their first deal in 2023 helped complete the latest transaction quickly.
The strong relationship we’ve fostered with NN Life & Pensions since the first transaction in 2023 led to a smooth and efficient close. Our ability to deliver customized reinsurance solutions further solidifies us as a global leader in assisting insurers and plan trustees.
Rohit Mathur, head of International Reinsurance at Prudential Retirement Strategies
He noted that demand for longevity risk solutions in the Dutch market remains high, and Prudential aims to support insurers and plan trustees seeking risk management options.
Dylan Tyson, president of Retirement Strategies and leader of Prudential’s Global Retirement Center of Excellence, said the agreement aligns with the company’s plan to expand its Institutional Retirement Strategies in the region. He added that the transaction reflects Prudential’s goal to help more people secure their financial future.
Prudential is pleased to again collaborate with NN Life & Pensions, as we build the scale of our Institutional Retirement Strategies work in the Netherlands
Dylan Tyson, president of Retirement Strategies and head of the company’s Global Retirement Center of Excellence
“This longevity risk transfer further demonstrates our commitment to the global retirement marketplace, as we seek to help millions more people protect their life’s work,” said Dylan Tyson.
As of June 30, 2025, Prudential Financial managed about $1.6 tn in assets and operated across the U.S., Asia, Europe, and Latin America. Its Retirement Strategies business delivers over $15 bn in protected income payments each year to more than 3 mn individual and institutional clients.
The group works with over 100,000 retail financial professionals and 7,500 institutional partners across lines including Individual Retirement Strategies, Institutional Stable Value, U.S. Pension Risk Transfer, International Reinsurance, and Structured Settlements.
