Reinsurers De-Risk Pittsburgh Retirement Portfolios in US$ 309 Million Deal

Posted on 06/01/2023

Legal & General Retirement America and Reinsurance Group of America have announced their US$ 309 million pension risk transfer transaction with PPG, a Pittsburgh-based paint and coating company. This operation, known as a lift-out, covers over 4,000 retirees and beneficiaries with benefits under a defined benefit pension plan sponsored by PPG. LGRA is lead administrator…

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