 |
|
 |  |  |  |
Legal & General (L&G) has today entered into the European pension risk transfer market, with its first deal in Holland. L&G is now writing pension risk transfer business in the UK, US and Europe. |
ASR Nederland NV, a Dutch insurer, is transferring €200 million of pension obligations to Legal & General Re (L&G Re), our global reinsurer, in cooperation with Hannover Re. Manfred Maske, CEO of Legal & General Re said: “Entry into the European pensions risk transfer market represents a significant milestone for L&G Re. Put together with the recent European Union announcement of full Solvency II equivalence for Bermuda this has been a terrific couple of weeks for L&G Re.” Legal & General Re was set up in 2014 as a reinsurance hub to grow the international pension risk transfer business. This is the first deal executed through L&G Re. Kerrigan Procter, Managing Director, Legal & General Retirement added: “The pension risk transfer business has become a global business for Legal & General. The potential market for pension risk transfer in the US, UK, and Europe is huge, and will play out over many decades. “The entry into Europe and our recent $450 million US Royal Philips transaction show case our unique one stop solutions providing our clients; pension risk transfer expertise, asset management skills, and global reinsurance capabilities.”
In October Legal & General America announced its first pension risk transfer deal with the US subsidiary of Royal Philips for approximately $450 million. Globally as at 30 September 2015, Legal & General manages an annuity book of over £43 billion, and provides annuity benefits to over a million customers. |
|
|
|
| Pensions Consultant with insurance se... | ||
| UK wide / Hybrid working - Negotiable | ||
| Qualified Pricing Actuary - Long Tail | ||
| London - Negotiable | ||
| Entrepreneurial Technical Pricing Man... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Reporting Actuary | ||
| London - Negotiable | ||
| Pensions consulting with a difference | ||
| Any UK Office location / Hybrid working - Negotiable | ||
| Capital Actuary | ||
| London - £130,000 Per Annum | ||
| FTC: Senior Capital Modeller - London... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Capital Modelling in the Capital | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Pricing Lead | ||
| South East, Hybrid - Negotiable | ||
| Valuation Actuary - Remote | ||
| UK, Remote - Negotiable | ||
| Life-changing Pensions | ||
| London - Negotiable | ||
| Investment Specialist | ||
| South East - Negotiable | ||
| Portfolio Pricing Actuary – First Act... | ||
| London - £100,000 Per Annum | ||
| Commercial Longevity Actuary | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| STAR EXCLUSIVE: Actuarial modelling m... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Data Engineering Manager | ||
| London / hybrid 2 dpm office-based - Negotiable | ||
| Director - Financial Performance | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Actuary - Broker | ||
| London - £180,000 Per Annum | ||
| Director/Partner - Trustee Pensions | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| hx Contractor | ||
| London/Remote - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
