- Category
- Defining Matters
- Date
- Aug. 07, 2019
- Title
-
Kramer Levin Advises HSBC’s UK Pension in £7 Billion Longevity Transaction with Prudential Insurance
Kramer Levin advised the trustee of HSBC Group’s UK pension scheme on U.S. insurance law and commercial law issues in a longevity insurance and reinsurance transaction with Prudential Insurance Company of America, the flagship company of Prudential Financial. The transaction, announced on August 6, provides protection to the HSBC pension against longevity risk on £7 billion of pensioner liabilities. It is the second largest transaction ever completed for a UK pension scheme.
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