Reinsurance News
Lockheed Martin
Athene secures $4.3bn pension deal with Lockheed Martin
28th June 2022
Athene, a retirement services company, has closed its third pension group annuity (PGA) with Lockheed Martin involving the transfer of $4.3bn in pension obligations. Athene’s wholly-owned subsidiaries, Athene Annuity and Life Company (AAIA) and Athene Annuity & Life Assurance Company of New York (AANY), have agreed to provide annuity benefits for ... Read the full article
MetLife secures $1.9bn pension deal with Lockheed Martin
29th January 2020
Life insurer MetLife has entered into an agreement with Lockheed Martin to provide annuity benefits to approximately 20,000 members of its defined benefit pension plan, representing obligations of around $1.9 billion. Lockheed Martin purchased a group annuity contract via its master retirement trust from MetLife subsidiary Metropolitan Tower Life Insurance Company, ... Read the full article
Lockheed Martin completes two pension risk transfer agreements
30th January 2019
Lockheed Martin Corporation, a global security and aerospace firm, has announced its involvement in two new pension risk transfer agreements, including a $1.8 billion buy-out with a subsidiary of Prudential Financial, Inc. The buy-out agreement sees Lockheed Martin transfer roughly $1.8 billion of its pension obligations via the purchase of a ... Read the full article
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