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

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By Reuters

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)