PENSION RISK TRANSFER
John Good & Sons Limited Pension Scheme insured $24 million in liabilities through a full buy-in with Legal & General.
U.S. corporate pension plan buyout sales totaled $1 billion in the first quarter, 78% lower than the same period in 2020.
Pension risk transfer premiums are lower than ever, attributable in part to increased competition and greater use of structured assets.
TUI Group U.K. Pension Trust insured $1.1 billion in liabilities through two buy-ins with Legal and General.
Wyeth Group Pension and Life Assurance Scheme (1997) completed a $268 million buy-in with Aviva.
AIB Group U.K. Pension Scheme insured $86 million in liabilities through the conversion of an existing policy into a buy-in.
Pension risk transfer premiums fell in April, with the estimated buyout cost as a percentage of accounting liabilities slipping to 102.4%.
Chartered Insurance Institute Pension Scheme 1993 insured $78 million in liabilities through a buy-in with Legal & General.
Unisys Corp. transferred the assets of its Dutch subsidiary's primary pension plan to an unnamed multiemployer pension plan.
ICL Group Pension Plan insured $5.1 billion in liabilities through a longevity swap.
