Legal & General Says Sale of Banner Life to Meiji Yasuda on Track for Early 2026 Completion

Reuters01-28

Legal & General Says Sale of Banner Life to Meiji Yasuda on Track for Early 2026 Completion

Legal & General Group plc has provided an update on the sale of Banner Life and William Penn to Meiji Yasuda, first announced in February 2025. The transaction remains on track to close in early 2026, pending final regulatory approvals. As part of the deal, Legal & General and Meiji Yasuda are establishing a long-term strategic Pension Risk Transfer $(PRT)$ partnership. In 2025, Legal & General completed 15 US PRT transactions, totaling approximately $1.8 billion in premium written through Banner Life and William Penn. S&P Global Ratings recently assigned an 'A' Financial Strength credit rating to both entities, following a review prompted by the sale announcement. Meiji Yasuda has expressed commitment to maintaining the robust capital position of Banner Life and William Penn.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legal & General Group plc published the original content used to generate this news brief on January 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The transaction remains on track to close in early 2026, pending final regulatory approvals. As part of the deal, Legal & General and Meiji Yasuda are establishing a long-term strategic Pension Risk Transfer $(PRT)$ partnership. In 2025, Legal & General completed 15 US PRT transactions, totaling approximately $1.8 billion in premium written through Banner Life and William Penn. S&P Global Ratings recently assigned an 'A' Financial Strength credit rating to both entities, following a review prompted by the sale announcement. Meiji Yasuda has expressed commitment to maintaining the robust capital position of Banner Life and William Penn.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legal & General Group plc published the original content used to generate this news brief on January 27, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2606473465","isCrawlerRequest":true}