Legal & General buys 3 bln pound UK annuity portfolio from Aegon

May 23, 2016 6:37 AM

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LONDON May 23 Legal & General Group said on Monday it has bought a 3 billion pound ($4.35 billion) UK annuity portfolio from Dutch insurer Aegon NV.

It said the transaction has been structured initially as a reinsurance contract and covers approximately 27,000 in-payment policyholders.

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