Clifford Chance advises Legal & General on US$2.3 billion sale of its US protection and pension risk transfer businesses to Meiji Yasuda Life Insurance Company
February 6, 2026
- Dennis Manfredi, Joseph Cosentino, Christine Kim, Jefferey LeMaster, Eugene Benger, Anthony Oldfield, David Pudge, Elliott Schreffler, Ed (Ruocheng) Yin, , Sonia Gilbert, Philip Wagman, Paul Koppel, David Walsh, Ian David, Violetta Kokolus, Daryl Fairbairn (He/Him), Molly Margiotta, Hayley Kwan, Michael Van Arsdall, Lauren Rackow, Jordan Passmore, Makenzie Stuard, Andrew Nelson, Dennis Morrisroe, Daniel Winick, Victoria Manthas, Megan Gordon, Brian Yin, Ieva Eringyte, Olivia Higgs, Niall O'Shea, Zain Arif, Renée Latour (She/Her), , Guilherme Laudisio
- New York, London
Clifford Chance advises Legal & General on US$2.3 billion sale of its US protection and pension risk transfer businesses to Meiji Yasuda Life Insurance Company
Global law firm Clifford Chance advised Legal & General, a British multinational financial services and asset management company headquartered in London, on the sale of its US protection and pension risk transfer businesses to Meiji Yasuda Life Insurance Company at an equity value of US$2.3 billion. This transaction completes the sale of the US insurance entities and establishes a long-term partnership with Meiji Yasuda, strengthening the Group’s US PRT proposition.
The cross-border, multi-practice team was led by the Co-Heads of the US Insurance practice Dennis Manfredi and Joe Cosentino, Corporate counsel Christine Kim, Funds partner Jeff LeMaster, Insurance Regulatory counsel Eugene Benger, partners Anthony Oldfield and David Pudge with support from Insurance associate Elliott Schreffler.
The wider team included:
- Insurance M&A: associates Ed Yin and Annie Arya, law clerk Natalie Tsang
- Tax, Pensions & Employment: partners Sonia Gilbert (London), Philip Wagman and Paul Koppel, senior counsel Howard Adler, associates David Walsh and Ian David
- Intellectual Property: partner Violetta Kokolus, counsel Daryl Fairbairn, associate Molly Margiotta (London), lawyer Hayley Kwan (London)
- Antitrust: partner Michael Van Arsdall, counsel Lauren Rackow, associates Jordan Passmore and Makenzie Stuard (Washington, DC)
- Funds: counsel Andrew Nelson, associate Dennis Morrisroe
- Banking: partner Daniel Winick
- Real Estate: counsel Victoria Manthas
- Tech: partner Megan Gordon, associate Brian Yin (Washington, DC), lawyer Ieva Eringyte (London)
- Transactions: partner Olivia Higgs, senior associate Niall O'Shea, associate Zain Arif (London)
- Regulatory (CFIUS): partner Renee Latour (Washington, DC)
- Litigation: associate Amber Pirson
- Capital Markets: staff attorney Guilherme Laudisio (São Paulo).
Others working on the deal included law clerk Michelle Cao, trainee Rami Jerrow (São Paulo) and paralegal Nargiz Ahmedli.
