David Richardson

Organisation said it has seen ‘strong momentum’ during the first half of the year

Group now accounts for one third of all de-risking transactions in the market

Insurer’s results show sharp growth in underlying operating profit

Insurer reveals it completed 80 risk reduction deals in 2023 which totalled £3.4bn

L&G and Just post strong risk transfer business in first half of 2023

The firm put the growth largely down to its proprietary bulk quotation service

Around half of the liabilities of the scheme were reinsured to minimise capital strain

Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions

A total of 29 deals range in size from between £3m and £250m as H2 saw higher demand

Pensioner-only transaction forms part of insurer’s first half bulk annuity deals