Legal & General

Legal & General America Launches Life e-Tickets with Hexure for a Simplified, Accelerated Quote to Apply Experience

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Technology, Legal, Insurance, Software, Fintech, Life, Reservation against Cancellation, Legal & General, LGA, Policy, Financial adviser

“Legal & General America is committed to helping close the individual life insurance gap in the US through easy, quick and affordable term life insurance options,” said Mark Holweger, chief executive officer for LGA.

Key Points: 
  • “Legal & General America is committed to helping close the individual life insurance gap in the US through easy, quick and affordable term life insurance options,” said Mark Holweger, chief executive officer for LGA.
  • This streamlined process makes it easier for advisors to submit e-tickets promptly after quoting without having to navigate between different platforms.
  • “At Hexure, we are dedicated to developing solutions that make the life insurance sales journey as streamlined and efficient as possible.
  • To start quoting products and submitting e-tickets to Legal & General America through the Hexure platform, contact your firm’s home office or contact Hexure at [email protected] .

Legal & General Retirement America and RGA Partner to Complete $700 Million Pension Risk Transfer Transaction with FirstEnergy

Retrieved on: 
Thursday, March 14, 2024
Utilities, Insurance, Human Resources, Finance, Energy, Asset Management, Consulting, Professional Services, K&L Gates, Caesars Entertainment, Risk management, Legal & General, PRT, RGA, FirstEnergy, Senior, Retirement, Reinsurance Group of America, Life insurance

Legal & General Retirement America (LGRA), a division of Banner Life Insurance Company, and Reinsurance Group of America, Incorporated (NYSE:RGA) announced today they completed a pension risk transfer (PRT) transaction with FirstEnergy , one of the nation’s largest investor-owned electric utilities, for approximately $700 million.

Key Points: 
  • Legal & General Retirement America (LGRA), a division of Banner Life Insurance Company, and Reinsurance Group of America, Incorporated (NYSE:RGA) announced today they completed a pension risk transfer (PRT) transaction with FirstEnergy , one of the nation’s largest investor-owned electric utilities, for approximately $700 million.
  • The retiree lift-out was executed in December and covers approximately 2,000 retirees – representing about 8% of the company’s total pension liability associated with its former generation subsidiaries.
  • LGRA is lead administrator and will be fully responsible for the service and administration of all participants transferred as part of the transaction.
  • Aon and K&L Gates advised FirstEnergy on this transaction.

Best Life Insurance Plans for Women - Our Top Picks for 2024

Retrieved on: 
Tuesday, March 19, 2024
ICC, History, SBLI, Legal & General, Policy, Lincoln National Corporation, Woman, AEGON, Privacy, Hypertension, Social Security, Female, Research, Anxiety, Prescription, MD, Diagnosis, Health, Prudential Financial, Social, Mutual, Corebridge Financial, Sertraline, John Hancock Financial, Nursing

According to LIMRA, "approximately 14 percent of women – more than 20 million – lost their life insurance coverage in 2020."

Key Points: 
  • According to LIMRA, "approximately 14 percent of women – more than 20 million – lost their life insurance coverage in 2020."
  • As of 2021, only 47 percent of adult women owned life insurance – lower than the ownership rate of men, at 58 percent.
  • Female life insurance ownership has been decreasing for the last five years in a row, leaving families unprotected (Forbes Advisor, 2024).
  • Zieba offered this advice to women who are shopping for life insurance, "Female applicants can do a lot to prepare to buy life insurance.

Best Life Insurance Plans for Multiple Sclerosis (MS) Patients - Our Top Picks for 2024

Retrieved on: 
Tuesday, March 12, 2024
Survival, ICC, Patient, History, SBLI, Legal & General, Research, Risk, Policy, Lincoln National Corporation, AEGON, Privacy, Hypertension, Disability, Database, Frontiers Media, Journal, Prescription, Neurosurgery, Roger Hawkins (drummer), MD, Insurance, Diagnosis, Psychiatry, Incidence, Prudential Financial, Mortality, Multiple sclerosis, Mutual, Corebridge Financial, Comorbidity, John Hancock Financial, Pharmaceutical industry

Michelle Zieba, Vice President of Sales, described the life insurance application process, "After receiving initial quotes, our MS customers will then be advised by our life insurance experts as to which plan is best.

Key Points: 
  • Michelle Zieba, Vice President of Sales, described the life insurance application process, "After receiving initial quotes, our MS customers will then be advised by our life insurance experts as to which plan is best.
  • A small number of people with Multiple Sclerosis experience very mild symptoms and little to no disability.
  • Zieba offered this advice to those with MS who are shopping for life insurance, "MS patients can do a lot to prepare to buy life insurance.
  • Instant life insurance quotes for those with Multiple Sclerosis of all severities are available at www.lifequotes.com .

Record Breaking Global PRT Market Activity Seen in 2023, Totaling Over $105 Billion in UK and US

Retrieved on: 
Monday, February 19, 2024
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, Transfer, Legal & General, PRT, Growth, Retirement, Monitor, Appetite, Pension fund

The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.

Key Points: 
  • The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.
  • The Boots Pension Scheme , another Legal & General transaction, plus two pension schemes of the RSA Group constituted the largest ever single and overall transactions, respectively.
  • Five transactions of over £2.5 billion were announced compared to just one the previous year and only ten others between 2014 and 2022.
  • In the UK alone, annualized volumes are projected to settle in the region of £50-60 billion, a significant increase from the average of £31 billion seen in the five years prior to 2023.

MUFG continues to strategically invest in Leveraged Credit business with key new hire

Retrieved on: 
Tuesday, February 27, 2024
Royal Bank of Canada, Jefferies, Royal Bank, Mizuho Bank, Deutsche Bank, Capital market, Bank, Growth, Royal Bank of Scotland, Credit, Legal & General, MUFG, Goldman Sachs, LGIM, Bank of America

He joins MUFG from Legal & General Investment Management (LGIM) America where he was a Senior High Yield Analyst.

Key Points: 
  • He joins MUFG from Legal & General Investment Management (LGIM) America where he was a Senior High Yield Analyst.
  • Additionally, Mark Schillings, Sarah Henry, and Chris Sym recently joined MUFG as a Director and Vice Presidents, respectively, on the Leveraged Credit Distribution team.
  • Prior to joining MUFG, Mark held various positions at Bank of America and Goldman Sachs, covering high yield, cross credit, and leveraged finance sales.
  • Sarah came to MUFG's Credit Trading team from Royal Bank of Canada, where she spent more than six years in their Capital Markets business.

Best Life Insurance Plans for Diabetics - Our Top Picks for 2024

Retrieved on: 
Monday, February 12, 2024
A1C, Database, Lincoln National Corporation, Legal & General, History, ICC, Diagnosis, Diabetes, American Diabetes Association, Insulin, Pancreas, Mutual, CDC, Immune system, Anxiety, Woman, AEGON, Corebridge Financial, Prediabetes, Life expectancy, Insulin resistance, John Hancock Financial, Research, Insurance, SBLI, Roger Hawkins (drummer), MD, Prudential Financial, Cell, EKG, Policy, Privacy, Pharmaceutical industry

Continued Bland, "Our 50-insurer database is continually updated, which makes it a valuable resource for diabetics who are searching for the best buys in life insurance."

Key Points: 
  • Continued Bland, "Our 50-insurer database is continually updated, which makes it a valuable resource for diabetics who are searching for the best buys in life insurance."
  • Instant life insurance quotes for both type 1 and type 2 diabetics are available at www.lifequotes.com .
  • Life insurance policies described, quoted, shown and illustrated throughout this press release may not be available in all states.
  • Pacific Life Insurance Company of Newport Beach, CA, policy form P16LYT or ICC 16 P16LYT.

Legal and General (L&G) Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, Innovation Programs, Partnerships, Investment & Acquisition Network Map - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 11, 2024
Software, Professional Services, Blockchain, Fintech, Payments, Technology, Artificial Intelligence, Data Analytics, Legal, Insurance, Finance, Consulting, Transfer, Legal & General, Amazon Web Services, PRT, AI, Data collection, Growth, Investment, ICT, Acquisition, Risk management, AWS, Robotics, RPA, L&G

The "Legal and General (L&G) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Legal and General (L&G) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • This report provides insight into Legal & General's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • Legal & General (L&G) provides insurance, saving, and investment products.
  • It also provides travel insurance, pet insurance, critical illness cover, lifestyle cover, retirement products, pension products, and investment and savings products.

 Legal & General Retirement America (LGRA) has Closed $10 Billion Since Inception

Retrieved on: 
Wednesday, December 20, 2023
Finance, Consulting, Professional Services, Asset Management, Human Resources, L&G, Legal & General, Retirement, United, Scheme, PRT

Year-to-date, LGRA has completed $1.7 billion in transactions securing the retirement for over 27,000 annuitants.

Key Points: 
  • Year-to-date, LGRA has completed $1.7 billion in transactions securing the retirement for over 27,000 annuitants.
  • LGRA’s new business volume was primarily driven by a nearly $0.8 billion transaction – the provider’s largest deal to date.
  • Legal & General (L&G) has written $7.5bn of PRT in the US and Canada from 2020 through 2023.
  • “This has been a record-breaking year for Legal & General with £13.6 billion in global PRT written to date, building on the achievements of prior years.

DeFi Technologies Subsidiary Valour Inc. Hits $421M CAD AUM, Record $13.6M CAD Daily Turnover, Wins at XENIX Awards

Retrieved on: 
Monday, December 11, 2023
Bitcoin, Carbon, ETF, IShares, Assets under management, Record, ABS, LGIM, The Company, CO2, NEO, CAD, Börse München, ETP, Generation Investment Management, Growth, XENIX, AUM, OTC, Vanguard, Legal & General, Cryptocurrency, Valor

Significant Daily Turnover Achievement: The company also achieved a notable daily turnover on December 8th, surpassing $13.6 million CAD in both certificates and ABS, showcasing its strong market presence and investor engagement.

Key Points: 
  • Significant Daily Turnover Achievement: The company also achieved a notable daily turnover on December 8th, surpassing $13.6 million CAD in both certificates and ABS, showcasing its strong market presence and investor engagement.
  • The XENIX ETF AWARDS Germany 2024, hosted by XENIX, a provider of qualitative ETF ratings, celebrated the achievements of pioneers in the ETF sector.
  • Secondly, Valour witnessed a daily turnover surpassing $13.6 million CAD on December 8th in both certificates and ABS, reflecting robust market engagement and investor confidence.
  • Our achievements, from these significant financial milestones to receiving prestigious recognition at the XENIX Awards, are a testament to our relentless pursuit of innovation and excellence.