Custom Pension Risk Transfer solutions

Providing PRT solutions since 2015

Legal & General Retirement America Headquarters

The Banner Life family of companies writes its US institutional retirement business through Banner Life Insurance Company and William Penn Life Insurance Company of New York. The US institutional retirement division is in the business of helping companies mitigate pension risk and ensure the financial future of their annuitants.

Recent updates


US PRT Market reached $11.5 billion premiums in H1

Legal & General Retirement America released latest edition of its Q3 Pension Risk Transfer Monitor analyzing market outlooks in the US.

The PRT Market is setup for £1 trillion boom globally

L&G has published the 2025 edition of its Global Pension Risk Transfer Monitor which provides insights into the global PRT market.

Carl Groth is named CRO of the Year by InsuranceERM

Legal & General Retirement America is celebrating a major industry accolade as Carl Groth is named Chief Risk Officer (CRO) of the Year – Americas.

What do we do?

Banner Life and William Penn are in the Pension Risk Transfer (PRT) industry. We provide solutions for companies looking to de-risk their pension plan and improve benefit security for its members.