Announced
Completed
Financials
Tags
life insurance products
Acquisition
Life Insurance
Private
United Kingdom
Majority
Single Bidder
Completed
Friendly
Synopsis
Swiss Re's ReAssure Group, a UK closed book life insurance consolidator, completed the acquisition of the life insurance and pension unit of Quilter, a financial services company, for £425m ($517m). "I am delighted to announce our latest acquisition. We have a long history of value creating transactions and today's announcement is further evidence of our ability to grow our business," Mark Hodges, ReAssure Chief Executive Officer.
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