Latham & Watkins advised Rothesay Life Plc on two longevity reinsurance arrangements with MetLife, Inc. reinsuring approximately US$5 billion of pension liabilities associated with two UK bulk annuity transactions completed in the fourth quarter of 2020.
Rothesay is the UK's largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. MetLife is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world.
The Latham team was led by London corporate
partner Victoria Sander and associate Chris Ramsey, with support from London
finance counsel Simeon Rudin and associate Josh Gabriel.