L&G expands risk transfer business to mainland Europe with €200 deal

clock

Legal and General (L&G) has entered the European pension risk transfer market with a €200m (£146m) transaction with Dutch insurer ASR Nederland NV.

The deal, which follows L&G's entrance into the US market earlier this year, will see the insurer transfer pension obligations to L&G Re, the firm's global reinsurer, in cooperation with Hannover R...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Rockwool scheme completes £53m full buy-in with Royal London

Rockwool scheme completes £53m full buy-in with Royal London

Transaction fully secures the benefits for all of the scheme’s members

Martin Richmond
clock 24 January 2025 • 2 min read
Net-zero goals must not be forgotten during endgame journeys, Hymans warns

Net-zero goals must not be forgotten during endgame journeys, Hymans warns

Consultancy says net-zero goals should still be considered to maintain flexibility and choice

Jasmine Urquhart
clock 23 January 2025 • 1 min read
Working with insurers – The past, present and future

Working with insurers – The past, present and future

Nikhil Patel and Andy Smith look at how market dynamics are changing

Nikhil Patel and Andy Smith
clock 17 January 2025 • 3 min read
Trustpilot