L&G Achieves Record Year in US PRT Business and Completes Largest Canadian Deal to Date [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Company Research
Source: Yahoo! Finance
Legal & General continues to grow its international footprint and has now written more than $12 billion in the US and reinsured CAD $2 billion of Canadian liabilities, since its entry into each market. Legal & General has today released the latest US edition of its Pension Risk Transfer (PRT) Monitor. The Monitor projects the US PRT market will exceed $50 billion by the end of 2024, surpassing the $45.8 billion completed last year and nearing the $51.9 billion record volume from 2022. STAMFORD, Conn., November 22, 2024 BUSINESS WIRE )--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 Inn
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