BREAKING NEWS

Cowdery's Resolution Life in $3 billion capital raise since Sept. 2018

Text size Aa Aa

LONDON (Reuters) – Resolution Life, which specialises in buying and reinsuring old life insurance businesses, said it has raised $3 billion (£2 billion) in fresh capital since Septemeber 2018.

The company, run by veteran insurer Clive Cowdery, also said a deal to buy Australia’s AMP Life <AMP.AX> announced earlier this year is expected to close in the first half of 2020.

(Reporting by Simon Jessop; editing by Carolyn Cohn)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.