MetLife reinsures $2bn of Legal & General pension risk

James Phillips
clock • 1 min read

Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.

The MetLife subsidiary said longevity risk associated with approximately $2bn (£1.5bn) of UK pension liabilities was covered through the four agreements. These are in addition to a £280m reinsur...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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