Banner Life Insurance Company and William Penn Life Insurance Company of New York (The Banner Life family of companies) have been officially acquired by the Meiji Yasuda Group, as of February 2, 2026. Banner Life and William Penn continue to operate seamlessly with the same great service you’ve always known.
Click here to read the full details of the transaction close. We are here for you, here for good, and here for better.
Custom Pension Risk Transfer solutions
Providing PRT solutions since 2015
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
Banner Life has joined the Meiji Yasuda Group family
Banner Life has announced that they have successfully been acquired by Meiji Yasuda group, strengthening North American presence.
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.
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.