A federal judge permits a pension risk transfer lawsuit against Bristol-Myers Squibb over ERISA fiduciary duty allegations related to pension obligations transferred to Athene.
A New York judge dismissed a lawsuit challenging General Electric's pension risk transfer to Athene, affirming the legality of PRT deals under ERISA and supporting insurer participation in pension risk markets.
AM Best maintains ratings for Banner Life and William Penn-NY as Legal & General sells U.S. protection business to Meiji Yasuda, highlighting strategic moves in U.S. life insurance and pension risk transfer sectors.
Athene Holding sustains leadership in U.S. annuities despite a 19% sales decline and nearly vanished pension deals. Strategic focus shifts to fixed-indexed annuities and defined contribution retirement solutions amid litigation challenges.
Brookfield Business Partners acquires Just Group to enhance its UK pension risk transfer capabilities, leveraging investment expertise and expanding annuity offerings amid growing retirement market demand.
J.P. Morgan projects rapid growth in U.S. pension risk transfers, driven by improved funding, insurer competition, and rising PBGC premiums, benefiting leading life insurers like MetLife and Prudential.
Legal & General teams with Blackstone to provide clients access to private credit funds, enhancing annuities and asset management amid rising insurer interest in alternative investments.
F&G Annuities & Life Inc reports Q1 net loss with declining revenues but leverages strong product portfolio and institutional partnerships to pursue growth in retirement solutions amid market and regulatory challenges.
