Last checked at 
LONDON, July 18 (Reuters) - Legal & General said on Tuesday it had agreed a 1.8 billion pound pensions buy-in with FTSE 100 company United Utilities, part of a growing trend of businesses offloading pension scheme risk to insurers.
L&G said in a statement it had completed a deal with the trustees of two pension schemes sponsored by United Utilities that would cover around two thirds of their liabilities.
So-called bulk annuity deals have provided a growing source of income for insurers. Rival insurer Just Group said in a trading update earlier on Tuesday that this buoyant market had contributed to a bumper first-half of sales for the company. (Reporting by Iain Withers, editing by Sinead Cruise)
