Legal & General’s US Pension Risk Transfer Business Nearing $2 Billion

Legal & General today announced impressive growth metrics for its expanding US Pension Risk Transfer (PRT) business. The London-based financial services giant has seen continued expansion of its pension risk transfer business since it entered the US market, writing nearly $2 billion in total volume spanning 28 clients.

The firm has differentiated itself in the market by offering customized transaction structures, proven capabilities to price and administer complex transactions, and a nimble, client-centric service delivery platform.

Legal & General has also expanded its infrastructure investing capabilities to the US, investing in approximately $600 million to date in US deals. Infrastructure investments are typically long-dated, which are well-matched against the long-dated pension obligations that it insures. The firm expects its infrastructure investments in the US to surpass $1 billion by the end of 2018.

Nigel Wilson, Group CEO, said: "We are very pleased with our growing success in the US and see great opportunity over the next several decades. We will continue to invest heavily in our international expansion and intend to be a major player as we steadily grow our position in the US market.”

A full press release is available to download below.

... as a relatively young player in this market, we are able to bring a nimbleness and degree of innovation to our approach, which has been extremely well received by our clients.

George Palms, President, US Retirement