At least some big life insurers are eager to sell the big group annuities used in the pension risk transfer business.
Legal & General Group PLC and Global Atlantic Financial Group Ltd. have both put out signals that they’re still hungry for pension risk transfer deals.
Legal & General reported last week that it completed eight pension risk transfer deals in March.
The eight deals involved both pension plans in the United Kingdom and in the United States, and they involved about $324 million in pension benefits obligations.
Legal & General noted that the members of its pension risk transfer team are working from home, as a result of the COVID-19 control efforts, but that the members of the team still can price, negotiate and sign pension risk transfer deals.