MassMutual and GIC take additional 36% stake in Rothesay Life as Blackstone exits

James Phillips
clock • 2 min read
Loudiadis: This is a strong expression of confidence
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Loudiadis: This is a strong expression of confidence

Massachusetts Mutual Life Insurance Company and GIC have agreed to purchase a 36% shareholding in Rothesay Life as Blackstone exits the investment.

Valuing the bulk annuity provider at £5.8bn, GIC and MassMutual will now become equal 49% shareholders, subject to regulatory approval. The insurer completed a record volume of bulk annuity tran...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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