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L&G achieves record year in US PRT business

Written by Adam Cadle
22/11/2024

L&G has completed $2.2bn of US PRT business in the year to date, representing its largest year ever.

It also revealed it has completed CAD$0.7bn worth of business in Canada, including its largest Canadian deal at CAD$0.5bn.

Overall, L&G said it has now written more than $12bn in the US and reinsured CAD$2bn of Canadian liabilities, since its entry into each market.

George Palms, President of L&G Retirement America, said: “L&G’s record US business volume reflects the increased trust intermediaries, plan sponsors and fiduciaries place in us and our ability to deliver customised de-risking solutions. As the US PRT market goes from strength to strength, we continue to invest for the long term so we can consistently provide outstanding service to plan sponsors and annuitants.”


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