Pacific Life Re to assume longevity risk on $3bn of PRT liabilities in American National deal

Pacific Life Re announced on 6 October 2026 that it had executed a longevity reinsurance transaction with American National Insurance Company. Under the transaction, the reinsurer said it would take on the longevity risk associated with $3bn of pension risk-transfer (PRT) liabilities.

Pacific Life Re, the global reinsurance business of Pacific Life, said the deal marks US market entry for its Savings & Retirement business. The company said this builds on its earlier work supporting similar markets in the UK, the Netherlands and Canada.

Sources: pacificlifere.com