About us
Who we are
We specialise in delivering bespoke Pension Risk Transfer (PRT) and annuity reinsurance solutions to meet the specific needs of our clients. By providing long-term financial security to our clients' customers and guaranteeing their pension benefits for life, we become a trusted partner of every organisation we work with. Improving lives through reinsurance lies at the heart of what we do.
Our story
Incorporated in 2014 in Bermuda, we are the global reinsurance hub for Legal & General (L&G), a leading financial services group and major global investor.
We are part of L&G’s Institutional Retirement Division, the UK’s longest‑serving active bulk annuity provider and the only insurer to have operated continuously in the UK market since entering it in 1987. For nearly 40 years, Institutional Retirement has worked with trustees and companies to help secure and protect members’ pension benefits.
Our business plays an important role in L&G’s international growth strategy, supporting the Pension Risk Transfer (PRT) market across the UK, US, Canada and Europe.
Our approach
As life reinsurance specialists, we know that every client’s needs are unique. Therefore, creating bespoke solutions that specifically address their business needs and objectives is at the heart of the service we deliver.
Our approach is tailored to the specific needs of our clients. We seek to develop a deep understanding of our clients’ business models, strategy and capabilities to develop reinsurance solutions that best allow them to meet their objectives.
Get to know the people behind our Reinsurance team.
Our solutions
We develop our custom solutions across our three core specialisms:
Asset performance risk
We take on asset performance risk, utilising our investments expertise as a Group to guarantee underlying asset cashflows which helps our clients meet their obligations.
Mortality and longevity risk
We are experts in biometric or life-related risks, and we have extensive experience analysing mortality and longevity, and underwriting risk across global markets.
Global intermediation
We help our clients transfer risks globally, to ensure they are able to obtain the protection that best meets their needs.
Our heritage
The L&G Group has provided financial services for 185 years. We are now a global provider of retirement solutions to corporates and individuals, and our skills lie in asset management and origination and longevity risk. Our purpose is to improve the lives of our customers, build a better society for the long term and create value for our shareholders.