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Prudential Closes Pension Risk Transfer For US$ 4 9 Billion

Prudential Financial, Inc. closed a pension risk transfer transaction with Shell USA, Inc. for US$ 4.9 billion in pension obligations covering 21,500 of the company’s U.S. retirees. As a result of this transaction, PFI, through its subsidiary, The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning…

Prospect Medical Holdings Announces Data Breach Affecting Prudential Insurance Company of America Health Plan Members | Console and Associates, P C

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