Sales on pension de-risking deals totaled $14.4 billion in 2015, a 54 percent increase from the previous year, according to LIMRA's Secure Retirement Institute's U.S. Quarterly Group Annuity Risk Transfer Survey.

While five deals transferring at least $1 billion in pension obligations were inked in 2015, the year was marked by the prevalence smaller deals.

More than 300 deals were made for less than $100 million in pension transfers, according to LIMRA.

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