CPPIB to buy Ascot, AIG'S Lloyd's of London platform: Reuters
Canada Pension Plan Investment Board said it would buy Ascot, American International Group's Lloyd's of London platform, in a deal valued at about US$1.1 billion, as it pushes to expand its global presence, Reuters reported. The deal, which includes the acquisition of Ascot Underwriting Ltd and Ascot Corporate Name Ltd, will provide "durable cash yield and an attractive scalable investment for the fund," CPPIB was quoted as saying.
16 September 2016•1 min read
