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.
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data 
Hot Sauce Company Sues Manufacturer Over Exploding Bottles 
Pacific Life Seeks to Dismiss Kyle Busch’s $8.5M Lawsuit Over Insurance Policies 
