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

May 23, 2016 6:37 AM

20 0

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.

Also read: China's Geely to buy Lotus, take stake in Malaysia's Proton

Read more

To category page

Loading...