Further to the announcement made on the 26th June 2013, Legal & General Group Plc is pleased to announce that the acquisition of the entire issued share capital of Lucida Limited (formerly Lucida Plc), by the Group’s subsidiary Legal & General Assurance Society has completed. The final consideration was £149.4m. Lucida Limited is a closed UK annuity buy-out company with a portfolio of £1.4bn of annuity assets and is currently responsible for 31,000 pensions in payment. No employees or property will be transferred as part of the acquisition.
Kerrigan Procter, Managing Director of Annuities at Legal &General commented: "We are delighted to have completed the acquisition of Lucida so swiftly. 31,000 pensioners can feel that they are in safe hands with Legal & General. Our expertise in transitioning large asset portfolios will enable us to integrate the Lucida assets efficiently and ensure that those assets we retain as part of the deal are a natural fit for our annuity fund investment strategy." |
|
|
|
Technical Modelling Assistant | ||
North West - Negotiable |
Pensions Consultancy - Nationwide off... | ||
Nationwide - Negotiable |
Life Consultancy - Manager | ||
Various locations - Negotiable |
Pricing, Reserving & Capital Projects | ||
Nationwide - Negotiable |
Reserving Consultant - Nationwide | ||
Nationwide - £90,000 to £110,000 Per Annum |
London Market Pricing | ||
London / Hybrid - Negotiable |
Specialty Pricing - London Market | ||
London / Hybrid - Negotiable |
Personal Lines Reserving Lead | ||
London / Hybrid - Negotiable |
London Market Casualty Reserving | ||
London / Hybrid - Negotiable |
Specialty Lines Reserving | ||
London / Hybrid - Negotiable |
Pricing Director - BPA | ||
London / hybrid 50/50 - Negotiable |
GI Actuarial Assistant Manager - Cons... | ||
London / hybrid 2 days p/w office-based - Negotiable |
Actuarial and Pricing Lead – Insurtech | ||
London - Negotiable |
Senior Manager - Pension Risk Transfer | ||
Nationwide / hybrid 2 dpw office-based - Negotiable |
Lead Specialty Pricing Actuary | ||
London - Negotiable |
Yorkshire Trustee Pensions Consultant | ||
Yorkshire / hybrid - Negotiable |
Head of Business Development | ||
London / hybrid 50/50 - Negotiable |
Life Actuarial Senior Manager | ||
London / hybrid 2 days p/w office-based - Negotiable |
Senior International Actuarial Analys... | ||
Bermuda - Negotiable |
Nearly / Newly Pricing Actuary | ||
London - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.