Meiji Yasuda also plans to take a 20% interest in L&G's US PRT business and acquire 5% of L&G's shares from the market.

Legal & General Group Plc engages in the provision of risk, savings and investment management products and services. It operates through the following segments: Legal & General Retirement (LGR ...

In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.

U.S. corporate pension funding surpluses vaulted higher in January, thanks to a strong month of returns across global ...