PENSION RISK TRANSFER
Asda Group Pension Scheme insured £3.8 billion ($4.8 billion) in defined benefit liabilities through a buy-in with Rothesay Life.
Baxter International has signed an agreement to purchase a group annuity contract transferring $2.4 billion in pension plan liabilities.
Rollins Inc. purchased a group annuity contract from AIG to transfer the remaining liabilities of its U.S. pension plan.
Pernod Ricard Group's $4.7 billion buy-in with Rothesay Life is latest megadeal to hit the U.K. pension plan industry.
Telent insured $5.8 billion in liabilities in a full buyout deal with Rothesay Life in the telecommunications company's first buyout deal.
Tate & Lyle Group Pension Scheme insured £930 million in liabilities through a buy-in with Legal & General.
U.S. corporate defined benefit plan executives continue to show considerable interest in pension risk transfer transactions.
U.S. corporate pension plan buyout sales totaled more than $4.7 billion in the second quarter.
Cadbury Mondelez Pension Fund insured £520 million in liabilities through a buy-in with Rothesay Life.
HSBC Bank U.K. Pension Scheme insured £7 billion in liabilities through a longevity swap backed by the Prudential Insurance Co. of America.