Archive

L&G "extremely optimistic" about PRT outlook with £17bn in the pipeline

The company committed to deeper clarity at its annual results today

L&G promotes Gareth Mee to CEO of Institutional Retirement

L&G CFO Jeff Davies joins Resolution Life, Andrew Kail named successor

Leadership changes reshape financial direction at two major insurers

L&G profits climb 6% as records tumble for UK annuity and US PRT sales

UK PRT deals off to a strong start in 2025 with £1.2bn in sales

Legal & General closes £1.4bn bulk annuity buy-in with Sanofi Pension Scheme

Contributes to Legal & General completing £10.5bn of global PRT business last year

Legal & General completes £1.1bn buy-in with Deutsche Bank pension scheme

Transaction brings total insured liabilities to £2.1bn for Deutsche Bank.

L&G flushed with success after SCA £1.1bn buy-in deal

The insurer is on a roll to write approximately £50bn of PRT business over five years

L&G seals £900m buy-in with ICI Pension Fund

Over half of large DB pension schemes in UK are targeting bulk annuities

Legal & General said this is a significant uptick since 2015

L&G maintains profits in 2023 amid difficult investment markets

But bulk annuity sales - and use of funded reinsurance - continue to rise