Conning sale to Aquiline takes Swiss Re closer to AA return
Swiss Re's move to sell its US asset management arm Conning
& Co to Jeff Greenberg-run private equity firm Aquiline Capital
Partners LLC will help increase its capital buffer as it refocuses
on its core business and pushes for a return to an AA rating.
Although no fee has been disclosed, according to Execution Ltd
analyst Joy Ferneyhough Swiss Re expects a "relatively
immaterial" capital gain on the sale, suggesting a deal was
struck at around the SFr190mn paid by...
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