Old Mutual sells US Life operations to Harbinger
“Old Mutual also announced it agreed to sell its US Life operations to affiliates of Harbinger for $350m.
Completion is anticipated on or after 31 December and is subject to relevant regulatory approvals. Net proceeds, estimated to be around $364m, will be used to reduce debt.”
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- NYMagic sold to ProSight Specialty Insurance
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on Friday, August 6th, 2010 at 9:21 am and is filed under Insurance M&A, Insurance News.
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