These types of transactions are rising, due to an increase in pension funding and the positive outlook on the U.K. insurance sector.
Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
How higher interest rates are changing the investment objectives of fully funded pension funds.
AT&T’s May transaction and other large PRTs push up the tally, Legal & General reports.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
The tiff over Brookfield’s new acquisition underscores the pros and cons.
Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Milliman index shows that insurers’ appetite for interest-rate risk may be waning.
The $309M transaction moves the liabilities to insurers Legal & General and RGA.
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.