Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Legal & General Group Plc's (L&G) core rated operating entities, Legal & General Assurance Society Ltd, Banner Life Insurance Company and William Penn Life Insurance Company of New York, at 'AA-'.
Legal & General America announces it has entered into an agreement with the US subsidiary of Royal Philips (NYSE:PHG, AEX: PHIA) to provide retirement payments under a group annuity contract to approximately 14,000 of Philips' US retirees and other former employees, which will reduce the firm's pension obligations upon the closing of the contract in early December.
Legal & General America (LGA) takes the word transformation literally. The company transformed office space in its Urbana, MD headquarters to become a place for collaboration with employees, LGA's brokerage agency partners, and colleagues from L&G Group's retirement, protection, and investment divisions.
Legal & General Group's rating includes its core subsidiaries—that's us! Following a review of U.K.-based Legal & General Group (L&G), Standard & Poor's Ratings Services affirmed its 'AA-' long-term insurer financial strength and credit ratings for L&G's core operating subsidiaries.
Legal & General Group Plc ("Legal & General") is pleased to announce the appointment of Gene Gilbertson as President and Chief Executive Officer of Legal & General America (LGA). He has been serving in this capacity on an interim basis since March 4 of this year. Prior to his role as interim President and Chief Executive Officer, Gene served in the role of Executive Vice President and Chief Financial Officer of LGA.
A.M. Best reaffirmed the A+ (Superior) financial strength rating and issuer credit ratings of aa- for Banner Life Insurance Company and William Penn Life Insurance Company of New York. Banner and William Penn are collectively referred to as Legal & General America (LGA). The outlook for all ratings is stable.
Legal & General America was one of 20 workplaces honored at the annual Healthy Workplace Recognition Awards Ceremony, which recognizes Frederick County workplaces that are committed to improving employee health and well-being.