2 days ago
Apollo-Backed Athora Offers $7.8 Billion for UK Insurer PICG
A European insurance group backed by Apollo Global Management Inc. offered to acquire a specialist UK insurer that's partly owned by a company controlled by South African billionaire Johann Rupert for about £5.7 billion ($7.8 billion).
Athora Holding Ltd. is acquiring Pension Insurance Corp. Group, according to a filing by Reinet Investments SCA, which owns an indirect stake of 49.5% in the insurer.
