Sign In  |  Register  |  About Pleasanton  |  Contact Us

Pleasanton, CA
September 01, 2020 1:32pm
7-Day Forecast | Traffic
  • Search Hotels in Pleasanton

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume

Pension Risk Transfer Monitor Anticipates Strong Market Through 2023

Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US.

Following the largest first half on record for the US Pension Risk Transfer (PRT) market at $22.5 billion in deal volume, the Monitor reports an expected $10 billion in Q3 PRT market volume. While this is a decrease from last year’s third quarter, the market continues to exhibit rapid growth and total market volume is estimated to close at around $45 billion at the end of 2023 – the second largest year to date following 2022’s total of $51.9 billion.

Sheena McEwen, VP, Head of Distribution, Legal & General Retirement America

“We’re seeing a truly well-rounded PRT market in terms of the types and sizes of deals transacting. Though this year’s total market premium won’t surpass last year’s record, it’s still the second largest we’ve seen and a testament to the continued growth of the PRT industry in the US.”

The Q3 US Legal & General PRT Monitor can be found here.

About Legal & General Retirement America

Legal & General Retirement America (LGRA) specializes in customized pension risk solutions for institutional clients in the US market. Established in 2015, Legal & General Retirement America is a business unit of Legal & General America, Urbana, MD. Legal & General America life insurance and retirement products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream, NY. Banner products are distributed in 49 states, the District of Columbia and Puerto Rico. William Penn products are distributed exclusively in New York; Banner Life is not authorized as an insurer in and does not do business in New York. The Legal & General America companies are part of the worldwide Legal & General Group. CN11142023-29

More information on LGRA can be found at www.lgra.com.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photography by Christophe Tomatis
Copyright © 2010-2020 Pleasanton.com & California Media Partners, LLC. All rights reserved.