Propelled by two major pension buyouts, total annuity de-risking sales reached $8.5 billion in 2014, a 120 percent increase over the previous year, according to LIMRA's Secure Retirement Institute's Group Annuity Risk Transfer Survey.
The total amount of liabilities transferred from sponsors' books was $128 billion in 2014, the highest ever recorded.
Deals with Bristol-Meyers Squibb and Motorola, both landed by Prudential, represented more than half of last year's sales, which saw the number of buyout contracts increase to 277, from 217 in the year before.
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