L&G reinsures £1.9bn of longevity risk

Stephanie Baxter
clock

Legal and General (L&G) has reinsured longevity risk relating to $2.9bn (£1.9bn) of pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company.

It is the reinsurer's second longevity hedging transaction with L&G after completing a deal covering £1.35bn of liabilities last October. Prudential's longevity reinsurance vice president Bill M...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Vector Pension Scheme inks £114m full buy-in with Standard Life

Vector Pension Scheme inks £114m full buy-in with Standard Life

Bulk purchase annuity deal secures the benefits of around 1,800 scheme members

Martin Richmond
clock 15 February 2024 • 2 min read
Birmingham Chamber of Commerce Fund secures £9m full buy-in with Just

Birmingham Chamber of Commerce Fund secures £9m full buy-in with Just

Transaction secures the benefits for around 100 pensioners and 40 deferred members

Martin Richmond
clock 14 February 2024 • 2 min read
Rosie Fantom: A shift in comms, a member-first perspective, and record-breaking volumes

Rosie Fantom: A shift in comms, a member-first perspective, and record-breaking volumes

Fantom says while buyout is seen as a ‘gold-plated solution’, it pays to consider timing

Holly Roach
clock 12 February 2024 • 5 min read
Trustpilot