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Total US annuity sales were $223.0bn in the first half of 2025, 3% above prior year results.
Institution of Mechanical Engineers Pension Scheme Completes Bulk Purchase Annuity Buy-In With PIC: The deal covers the pensions of all 200 scheme members.
Around three-quarters of professional trustees are experiencing delays in their buy-out and wind-up processes following a full scheme buy-in.
£11m transaction secures the benefits of all 15 deferred members and 25 pensioner members and completes the buy-in of all scheme liabilities.
It has been business as usual at the smaller end of the market with a significant number of deals being concluded.
The deal, worth $800m, secures the retirement benefits of over 1,700 retirees and over 3,000 deferred members.
In total, the transactions insure the benefits of 1,127 pensioners and dependants as well as 1,365 deferred members,
Chariot Re will reinsure approximately $10bn of liabilities, including structured settlement annuity contracts and group annuity contracts associated with pension risk transfers originated by MetLife.
New report says that Bermuda accounted for over 60% of reserves ceded for L/A transactions effective in 2023 and 2024.
The transaction, which was completed in June 2025, secures the benefits of over 3,500 members of the scheme