Legal & general retirement america and rga partner to complete $309 million pension risk transfer transaction with ppg

Stamford, conn.--(business wire)--legal & general retirement america (lgra) and reinsurance group of america, incorporated (nyse:rga) announced today that they have entered into a $309 million pension risk transfer (prt) transaction with ppg, a pittsburgh-based fortune 500 global leader in manufacturing paints, coatings and specialty materials. the lift-out covers over 4,000 retirees and beneficiaries with benefits under a defined benefit pension plan sponsored by ppg. lgra is lead administ.
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