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Prudential Retirement today announced its first longevity reinsurance transaction of 2012. Under the terms of the deal, Prudential Retirement will provide reinsurance of longevity risk to the U.K.’s Rothesay Life, a wholly-owned subsidiary of The Goldman Sachs Group, Inc. The transaction initially covers pension liability values of 423 million British pounds, approximately equal to $665 million U.S. dollars.


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