Legal & General Reinsurance is the Group’s specialist life reinsurer, focused on Pension Risk Transfer (PRT) business. Our mission is to be the global leader in the reinsurance of pension risk, providing long-term financial security to the customers of our clients. We provide technology-focused life reinsurance solutions to companies across the globe. We strive to become a trusted partner of every company we work with, acting as an extension of their businesses and helping them realise additional value. We reinsure a mixture of internal and external business; since 2014, we have written third party business in the Netherlands, Ireland and Canada in addition to internal business in the UK and US.
We are licensed by the Bermuda Monetary Authority and have credit ratings of AA- from Standard & Poor's and Fitch. We have a strong balance sheet with £21.8 billion ($29.8 billion) of assets under management at 31 December 2020.
We specialise in providing life reinsurance solutions to companies across the globe. We develop our custom solutions across our three core specialisms:
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.
We are experts in biometric or life-related risks, and we have extensive experience analysing mortality and longevity, and underwriting risk across global markets.
We help our clients transfer risks globally, to ensure they are able to obtain the protection that best meets their needs.