Tag: Group Annuity

Pensions March 14, 2024

FirstEnergy Transfers 2,200 Retiree Pensions to Insurers

Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.

Pensions March 6, 2024

Verizon Announces $5.9B Pension Transfer

Insurers Prudential and RGA Reinsurance will assume obligations for 56,000 pensioners who are already receiving benefits.

Market Moves December 6, 2018

Bristol-Myers Squibb Closes US Retirement Plan

Pharmaceutical firm to transfer $3.8 billion in US pension liabilities to annuity.

Newsmakers August 13, 2018

Alcoa De-Risks $290 Million in Pension Obligations

Company also makes $100 million pension contribution.

Risk May 29, 2018

US Single Premium Pension Buyout Sales Hit $1.38 Billion in Q1

Sales fall sharply from $11.1 billion in previous quarter.

Newsmakers December 6, 2017

MillerCoors Purchases Group Annuity Contract

Company to transfer $900 million in pension obligations to Athene Annuity and Life.