Reinsurance News
Legal & General America
LGRA estimates $9bn total premium for US PRT market in Q3’25
11th December 2025
Legal & General Retirement America (LGRA), a business unit of Legal & General America, has estimated that total premium of the US Pension Risk Transfer (PRT) market for the third quarter of 2025 will be around $9 billion, a decrease compared to $15.5 billion in Q3’24. During the first half of ... Read the full article
LGRA closes $10bn in total written premium since inception
20th December 2023
Legal & General Retirement America (LGRA), a provider of pension risk solutions across the United States, has reached the milestone of $10 billion in total written premium and over 100 deals since its inception in 2015. The company has secured roughly $5 billion within just the past three years. Year-to-date, LGRA has ... Read the full article
LGIA reveals record single-year sales volume of $160m APE
5th December 2023
Legal & General America's individual insurance division (LGIA) has revealed a record single-year sales volume of $160 million Annualized Premium Equivalent (APE), which represents a 39% increase in APE over 2022. The record $160 million APE builds on a successful track record for LGIA over the past few years, having generated ... Read the full article
LGRA & RGA enter into $309m PRT transaction with PPG
31st May 2023
Legal & General Retirement America (LGRA) & Reinsurance Group of America (RGA) have entered into a $309 million pension risk transfer (PRT) transaction with PPG. PPG is a Pittsburgh-based Fortune 500 global leader in manufacturing paints, coatings and specialty materials. The lift-out covers over 4,000 retirees and beneficiaries with benefits under a ... Read the full article
L&G Retirement America closes year with over $2bn in PRT transactions
20th December 2022
Legal & General Retirement America (LGRA), has hit a historic milestone by completing more than $2 billion in transactions in 2022. This includes the firm’s two largest deals to date at over $500 million each. The company completed a total of 12 pension risk transfer (PRT) transactions throughout 2022. In Q4 22 alone, ... Read the full article
L&G Retirement America completes $145m pension risk transfer deal with Rolls-Royce
2nd December 2022
Legal & General Retirement America (LGRA) has completed a c.$145 million pension risk transfer (PRT) transaction with Rolls-Royce North America Inc. The deal, which closed in July, covered approximately 1,200 plan participants from the Retirement Plan for Rolls-Royce NA, and also came off the heels of LGRA’s largest H1 to date ... Read the full article
US Pension Risk Transfer market expected to close $27 billion in Q3: LGRA
18th November 2022
Legal & General Retirement America (LGRA) has released its third quarter Pension Risk Transfer Monitor, reporting that it is expected to be the largest Q3 on record and the second largest in market history with $27 billion in transactions closing. LGRA notes that this year's Q3 is only second to 2012’s ... Read the full article
L&G’s PRT Monitor indicates continued momentum in H1
25th August 2022
Legal & General Group’s Global Pension Risk Transfer (PRT) businesses have released the latest edition of the Global PRT Monitor, which analyses industry trends and market outlooks in the UK and US. According to the Monitor, both markets reported a strong start to 2022, with the first half of the year ... Read the full article
LGRA secures $735mn in new transactions in Q2 2022
16th August 2022
Legal & General Retirement America (LGRA) closed $735 million in pension risk transfer transactions in Q2 2022, marking the largest quarter to date for the organisation. From April through June, the firm closed four transactions to secure coverage for approximately 5,000 plan participants. The $735 million volume – which exclusively covers US ... Read the full article
L&G America names Thomas Olunloyo as Deputy CEO
29th June 2021
Thomas Olunloyo has been announced as the new Deputy Chief Executive Officer (CEO) of Legal & General America (LGA), reporting to Mark Holweger, President and CEO. Effective July 1st, 2021, Olunloyo takes on responsibility for leading and coordinating all aspects of the company's business associated with digital transformation and business ... Read the full article
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