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.