Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co. from Swiss Reinsurance Co. Ltd.
Terms of the deal were not disclosed.
Hartford, Connecticut-based Conning will use Aquiline’s investment to strengthen its infrastructure, add to its services, acquire talent and pursue strategic opportunities.
Conning has about $70 billion of general account assets under management and $100 billion of total assets under contract.
New York-based Aquiline invests in financial services companies including property and casualty insurance, asset management and life insurance.
Greenberg, who had been chief executive of insurance broker Marsh & McLennan Cos Inc, is the son of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg.
Aquiline was advised by boutique merchant banking firm SFRi LLC. Sullivan & Cromwell LLP acted as legal counsel and Berkshire Capital Securities LLC acted as financial adviser.
(Reporting by Paritosh Bansal; Editing by Phil Berlowitz)
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
