Scottish Re Group Sells Unit to Hannover
Scottish Re Group Ltd. (OTC BB: SKRRF) has completed the sale of its ING individual life reinsurance business to Hannover Ruckversicherung AG. No financial terms were disclosed. Scottish Re raised $600 million from Cerberus Capital Management and MassMutual Capital Partners in late 2006, via a placement of convertible preferred shares.
23 February 2009•2 mins read
