Bloomberg Legal & General Group Plc completed a $5.7 billion buy-in with the British Airways pension scheme in what it says is the largest-ever deal of its kind in the UK. The deal covers almost 22,000 pensioners and it includes the conversion of existing longevity insurance into a so-called bulk annuity. The company expects to announce further transactions in the …

Bloomberg Trade ministers for the world’s 20 largest economies said that they found an ‘urgent need’ to reform the World Trade Organization (WTO). Member nations recognize the need to ‘step up dialogue’ to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included …

Bloomberg Analysts covering Danske Bank A/S see a 33 percent chance that Chief Executive Officer Thomas Borgen will continue in his role through 2018. That probability falls to 25 percent when the same analysts were asked how likely it is that Borgen, 54, will still be running Denmark’s biggest bank in 2019. The Bloomberg survey is based on responses from …