Latest news with #PensionInsuranceCorp
Wall Street Journal
15 hours ago
- Business
- Wall Street Journal
Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion
Savings and retirement services group Athora Holding said it struck a deal to acquire Pension Insurance Corp. for roughly 5.7 billion pounds ($7.77 billion), betting on the British specialist insurer to ramp up its European operations. Athora, backed by the likes of Apollo Global Management, Athene Holding and a subsidiary of the Abu Dhabi Investment Authority, has insurance businesses across the Netherlands, Italy, Belgium and Germany.
Bloomberg
15 hours ago
- Business
- Bloomberg
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.
