L&G capitalises on bank retrenchment
Legal & General wins Insurance Risk's 2014 award for insurer of the year for the firms advanced thinking on liquidity risk and bold push into direct lending
Awards 2014: Legal & General
Insurer of the year
The reshaping of the financial services industry has presented both opportunities and threats for Legal & General (L&G), and the firm has dealt astutely with both.
On one hand, the firm has faced challenges such as the announcement in March of changes to UK rules on compulsory annuitisation for pensions, which came as a bombshell to the industry and caused L&G's share price to fall 8% in a single day. On the other, the company has benefited from
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