Meiji Yasuda also plans to take a 20% interest in L&G's US PRT business and acquire 5% of L&G's shares from the market.

In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.

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The financial services giant said it would offload its US protection arm for $2.3billion (£1.8billion) to Meiji Yasuda, one ...

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Shares in Legal & General soared after the firm announced the sale of its US insurance business to Japanese firm Meiji Yasuda ...

Legal & General Group agreed to sell its U.S. protection entity, which includes its local pension risk transfer business, to Japanese life insurer Meiji Yasuda in a $2.3 billion deal.

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