These types of transactions are rising, due to an increase in pension funding and the positive outlook on the U.K. insurance sector.
AT&T’s May transaction and other large PRTs push up the tally, Legal & General reports.
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.
Shipping off DB assets and beneficiaries to insurers can be a tricky business. What about those private equity holdings?
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.