About us.

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Legal & General Re

Legal & General Reinsurance Company Limited is the global reinsurance hub for the Legal & General Group. Legal & General Re reinsures both annuity and longevity business and is an exempted Bermuda Class E insurer. We also reinsure other forms of risks, provide reinsurance services and structure unique risk transfer solutions based on the needs of our customers.

Legal & General Re was licensed on 30 June 2014 by the Bermuda Monetary Authority and wrote its initial transaction shortly thereafter. Legal & General Re has also obtained credit ratings from Standard & Poor’s and Fitch. Both Ratings Agencies assigned their ratings based on Legal & General Re’s highly strategic status to the Legal & General Group.

Legal & General has also set up Legal & General SAC Limited (Legal & General SAC) which is 100% owned by
Legal & General Re, an exempted Bermuda Class C insurer and Segregated Accounts Company. Legal & General SAC will offer a risk transfer vehicle, allowing Pension Schemes access to third party reinsurance.

Legal & General employs a number of staff in Bermuda and is actively pricing business for clients located in strategic territories.

We are active members of Bermuda International Long-Term Insurers and Reinsurers (BILTIR) www.biltir.bm/ .

Our goals

  • Firstly, to provide reinsurance to the Legal & General Group, and specifically the Pension Risk Transfer division, to help effective and ongoing risk and capital management.
  • Secondly, to help develop and deliver the international expansion of Legal & General de-risking business by providing reinsurance solutions in carefully selected geographies.

Legal & General Pension Risk transfer

Legal & General have been providing insurance solutions to defined benefit pension schemes for over 25 years through changing economic environments. Legal & General are one of the market leaders, having developed processes and infrastructure, which have helped us successfully complete over 3,000 transactions.

Legal & General use our expertise in pensions, insurance and investments to work with pension scheme trustees, sponsoring employers and their advisers to remove risk and improve benefit security for members.

Working with our colleagues in Legal & General Investment Management and Workplace Savings, we are able to help pension schemes to transition from the pensions environment to the insurance environment efficiently and effectively.

For more information please visit our Pension Risk Transfer website at www.legalandgeneral.com/pensionrisktransfer/  

Legal & General  Group

The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 30 June 2016, we were responsible for investing £842billion worldwide on behalf of investors, policyholders and shareholders.  We guard and look after the financial security of over 10 million customers of our life assurance, pensions, investments and general insurance plans.

We have been listed on the London Stock Exchange since 1979 and sit within the FTSE 100.

For more information visit our Group website at www.legalandgeneralgroup.com