March 05, 2021
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
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.