Ogier in Guernsey has advised The Prudential Insurance Company of America (PICA) on Guernsey law matters in relation to a £1.7bn longevity risk transfer by the pension fund of Marsh & McLennan Companies, MMC UK Pension Fund.
The longevity risk transfer of £3.4bn in total, covering approximately 7,500 pension fund members, was completed with PICA and Canada Life Reinsurance ultimately reinsuring an equal share of the risk.
The Ogier deal team who advised PICA was led by partner, Bryon Rees and senior associate, Michelle Watson Bunn.
