Financial Personal
L&G Achieves Record Year in US PRT Business and Completes Largest Canadian Deal to Date
Legal & General has completed $2.2 billion of US PRT business in the year to date, representing its largest year ever, and CAD $0.7 billion in Canada, including its largest Canadian deal at CAD $0.5 billion. Legal & General continues to grow
STAMFORD, Conn. -- Legal & General has completed $2.2 billion of Pension Risk Transfer (PRT) business in the US this year, making 2024 its largest year on record in the US market. Legal & General entered the US PRT market 9 years ago, completing its first transaction with Royal Philips in 2015. It has since completed more than $12 billion of new business, securing the pension benefits of over 175,000 annuitants. Legal & General and RGA recently won InsuranceERM’s Innovation of the Year award for their split transaction solution, which successfully secured $1 billion of retirement income across two transactions last year. Read More
