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Legal &General Group Plc and the ICI Pension Fund completed a £750 millionpension risk transfer deal.
The transfer was executed shortly after the U.K.'sreferendum on EU membership, with an aim to capitalize on the marketopportunities.
The insurer added that it has executed bulk and individualannuity business of £4.5 billion year-to-date, compared to full-year 2015annuity sales of £2.7 billion.