Phoenix Group Holdings, the UK life insurer, has stuck a deal to acquire ReAssure, the UK closed book life insurance division of Swiss Re, for £3.2bn in cash and shares.
Clearing & Exchanges
SSAs have had their best year in non-core issuance since 2012. SSA issuance (excluding euros, dollars and sterling) is up $3.83bn year on year to $82.95bn year to date. Much of this borrowing — some $32.8bn, according to Dealogic — has come through the MTN market.06 Dec 2019
Goldman Sachs has brought its second block in Adyen in under a fortnight, replicating the model it adopted in a sale of stock by Index Ventures on November 25, for fellow IPO seller General Atlantic.06 Dec 2019
Roland Domann has joined Nomura to look after the asset and liability management and insurance solutions structuring team focusing on European pension fund and insurance clients.06 Dec 2019
Italy is planning to issue its inaugural green bond in the second half of 2020, joining Germany and Sweden, who are also looking to sell their debut bonds in the format next year.06 Dec 2019