Visión general

Mayer Brown has an interdisciplinary team of lawyers who focus on the unique issues at the intersection of insurance, pensions and capital markets. As evidenced by recent pension de-risking transactions in the US involving GM ($26 billion), Verizon ($7.5 billion) and Ford (potentially $18 billion), pension de-risking by extinguishing plan liabilities is emerging as a critical theme among defined benefit (pension) plan sponsor companies of all sizes.


  • Advising an insurer on developing / creating their bulk annuity products.
  • Advising a Brazil reinsurer on a Longevity reinsurance agreement governed by English law.
  • Advising French investment bank in establishing a USD$ 700 million collateral protection arrangement to secure indirect derivative exposure across multiple CLO structures via the back to back swap arrangements with SPVs.
  • £1.6bn buy-in using a security structure with Pension Insurance Corporation (PIC) for the Total Pension Scheme. This is one of the largest UK bulk annuity transactions to date.
  • £800 million+ buy-in with Paternoster for the P&O Pension Scheme which was the first major pensions buy-in in the UK and won “Deal of the Year” in the Financial News’ Awards for Excellence in Institutional Asset Management.
  • £278 million buy-in with Prudential for the Home Retail Group Pension Scheme.
  • £150 million buy-in with Aviva for the Meat & Livestock Commission Pension Scheme.
  • £150 million buy-in with Legal & General for the Ofcom Staff Pension Plan, subsequently followed by a further £25 million buy-in with Legal & General.
  • £115 million buy-in transaction with Rothesay Life for the Western United Group Pension Scheme.
  • £190 million buy-in transaction with Rothesay Life for the Smith & Nephew UK Pension Fund.
  • £820 million aggregate pensioner buy-ins for the TI Group Pension Scheme (one of the Smiths Group schemes) in four tranches with Legal & General, Paternoster, Rothesay Life and PIC.
  • £335 million buy-in transaction with Legal & General for 100% deferred member population.

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