Rothesay Life, a provider of regulated insurance solutions, agreed to acquire the portfolio of lifetime mortgages from Just Group, a specialist UK financial services group, for $895m. "I am very pleased to have completed our third LTM portfolio sale, which, together with the three NNEG hedges we have completed and the reduction in new business LTM backing ratio we have achieved over the last two years, leaves our solvency position much more resilient to stresses in the UK housing market. This, alongside both our improved capital base and organic capital generation, has established a strong foundation for the business, from which to deliver profitable and sustainable growth," David Richardson, Just Group CEO.