Taiwan: Cathay Financial Holdings acquires Conning
Source: Asia Insurance Review | Dec 2014
Cathay Financial Holding Co Ltd has announced that its subsidiary, Cathay Life Insurance Co Ltd will purchase Conning Holdings Corp and all of its subsidiaries, for up to US$240 million from funds managed by Aquiline Capital Partners, LLC (a New York-based private equity firm investing in financial services) and other shareholders.
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