Swiss Re announced that it had completed the acquisition of MetLife subsidiary Conning Corporation as per the agreement reached last April. The terms of the transaction were not disclosed.
Conning, which specializes “in asset management for insurance company investment portfolios, private equity, institutional research and mortgage loan services to financial service companies,” will significantly strengthen Swiss Re’s asset management portfolio.
It also acquires Conning’s highly respected research unit, which it plans to merge with its investment banking subsidiary Fox-Pitt, Kelton.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
