Legal and General (L&G) has reinsured $800m (£598m) of longevity risk relating to pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company (PRIAC).
The deal covers over 2,000 pensioners, and makes it PRIAC's sixth transaction with L&G that in total has reinsured nearly $8bn (£6bn) in longevity risk. Prudential Retirement vice president of product...
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.