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1 through 20 of 225 matching documents, best matches first.   Sort by date

AM Best Assigns Indicative Issue Credit Rating to Teachers Insurance and Annuity Association of America's Forthcoming Surplus Notes
The outlook assigned to the Credit Rating is stable. The surplus note issuance is for general corporate purposes, which may include in part purchase financing related to TIAA ...
Source: BestWire   Date: June 8, 2026
AM Best Assigns Indicative Issue Credit Rating to Teachers Insurance and Annuity Association of America’s Forthcoming Surplus Notes
The outlook assigned to the Credit Rating is stable. The surplus note issuance is for general corporate purposes, which may include in part purchase financing related to TIAA ...
Source: Press Releases   Date: June 8, 2026
Athora Group Completes Pension Insurance Corp Group Acquisition, Moves HQ to United Kingdom
European savings and retirement business Athora Holding Ltd. said it completed its acquisition of Pension Insurance Corp. plc, creating one of Europe's largest savings and ...
Source: BestWire   Date: March 27, 2026
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British Insurers Upset by FCA Declining Consultation on Charging Rules
The Association of British Insurers said it appreciates the Financial Conduct Authority's work to simplify individualized financial and pension advice rules, but expressed ...
Source: BestWire   Date: March 25, 2026
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Verizon Pension Beneficiaries File Federal Suit Over $5.9 Billion PRT Deal Involving Prudential, RGA
Reinsurance Group of America Inc. that retirees contend violated fiduciary guidelines. The suit, filed Dec. 30 in U.S. District Court in the Southern District of New York, names ...
Source: BestWire   Date: January 3, 2025
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Athene CEO: Beneficiaries Suits Over PRT Deals 'Meritless,' Likely To Be Dismissed
Pharmaceutical company Bristol-Myers Squibb Co. is facing a class-action lawsuit over a $2 billion pension risk transfer deal the company completed five years go with Athene ...
Source: BestWire   Date: November 14, 2024
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Bristol-Myers Squibb Pension Beneficiaries File Lawsuit Over 2019 PRT Transaction
Pharmaceutical company Bristol-Myers Squibb Co. is facing a class-action lawsuit over a $2 billion pension risk transfer deal the company completed five years go with Athene ...
Source: BestWire   Date: September 13, 2024
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F&G CEO: One Rate Cut Won't Derail Entire Pension Risk Transfer Market
Chris Blunt said during an earnings call. The Federal Reserve has signaled a cut in interest rates could happen as soon as September. F&G reported $338 million in PRT sales during ...
Source: BestWire   Date: August 6, 2024
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Telecom Giant AT&T Facing Lawsuit From Pension Beneficiaries Over PRT Deal
The suit, filed March 15 in U.S. District Court in Massachusetts, names the AT&T Pension Benefit Plan as the defendant and does not name Athene as a party. According to the suit, ...
Source: BestWire   Date: March 19, 2024
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UK Pension Specialist Rothesay To Buy Bulk Annuity Book From Lloyds Banking Group
Pension insurer Rothesay Ltd. plc said it has agreed to acquire a Scottish Widows bulk annuity portfolio of about £6 billion ($7.65 billion) from Lloyds Banking Group. The ...
Source: BestWire   Date: March 14, 2024
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MetLife CFO: Only 1-in-10 Commercial Mortgages Maturing This Year Remain Unresolved
Global Atlantic, it said. The pretax $1.2 billion derivative losses were prompted by higher interest rates and a stronger U.S. dollar, the company said. Rated underwriting entities ...
Source: BestWire   Date: November 2, 2023
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UK’s Just Group Doubles First-Half Retirement Income Sales to $2.48 Billion
Just Group plc said its retirement income sales more than doubled to £1.9 billion ($2.48 billion) in the first six months of 2023 as defined benefit sales rose 149% in a booming ...
Source: BestWire   Date: July 18, 2023
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Legal & General Profit Rises on Retirement, Retail Life Gains
Legal & General Group plc posted higher 2022 profit on growth in retirement solutions and a return to profit in U.S. retail life insurance following adverse mortality experience. ...
Source: BestWire   Date: March 10, 2023
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L&G Exec: COVID-19 Could Tamp Down Pension Risk Transfer Levels Through the Year or Into 2022
Legal & General Retirement of America. Last year saw fewer companies initiate plan terminations, which can involve as much as two years of lead-in, and retiree "lift-out" ...
Source: BestWire   Date: February 16, 2021
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Legal & General Completes $795 Million PRT Transaction
March 27 alone (Best's News Service April 2, 2020). Underwriting entities of Legal & General have a current Best's Financial Strength Rating of A+ (Superior). (By Terrence Dopp, ...
Source: BestWire   Date: May 27, 2020
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Update: Canada Life Re Announces $5.8 Billion Pension Reinsurance Deal With NN Life as Part of Bundle
Munich Re and Swiss Re and will transfer the liabilities of 200,000 people. The move is effective Jan. 1, 2020, and will continue until they all run off, NN said in the statement. ...
Source: BestWire   Date: May 20, 2020
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Legal & General Announces £261 Million in PRT Deals Despite COVID-19 Turmoil
The deals, covering six U.K. and two U.S. pension funds, range in size from approximately £2.2 million to £80 million, and three separate transactions were signed on March 27 ...
Source: BestWire   Date: April 2, 2020
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Secure Retirement Institute: 2019 Single-Premium Pension Buyout Contracts Increase to $28 Billion
American International Group Inc., are turning to PRT deals in order to boost revenue from their retirement business segments (Best's News Service Aug. 8, 2019). In late January, ...
Source: BestWire   Date: February 27, 2020
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Pru Announces $6 Billion in Longevity Reinsurance Transactions
Kessler said in a statement. Kessler said the funding levels of some pension plans dropped in late 2019 and early 2020, and sponsors will need to watch the market closely as ...
Source: BestWire   Date: February 18, 2020
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Legal & General Puts £100 Million in Pension Risk Transfer Money Into Affordable Housing
Executive Nigel Wilson said in the statement. "We have already directly invested over £22 billion into new homes, urban regeneration, clean energy and transport infrastructure. ...
Source: BestWire   Date: February 18, 2020
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