Legal & General Agrees First Pension-Risk Transfer Deal in Canada
April 24 2019 - 2:43AM
Dow Jones News
By Adam Clark
Legal & General Group PLC (LGEN.LN) said Wednesday it has
agreed to its first pension-risk transfer deal in Canada for 200
million Canadian dollars ($149.3 million).
The U.K. insurer said the deal is being written by Brookfield
Annuity Co. and Legal & General Reinsurance Co Ltd., as part of
a strategic partnership in Canada.
Including the latest deal, L&G has written 2.5 billion
pounds ($3.2 billion) worth of international pension-risk transfers
since its first deal in 2015.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
April 24, 2019 02:28 ET (06:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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