November 18, 2019 / 10:23 AM / 20 days ago

Cowdery's Resolution Life in $3 bln capital raise since Sept. 2018

LONDON, Nov 18 (Reuters) - Resolution Life, which specialises in buying and reinsuring old life insurance businesses, said it has raised $3 billion in fresh capital since Septemeber 2018.

The company, run by veteran insurer Clive Cowdery, also said a deal to buy Australia’s AMP Life announced earlier this year is expected to close in the first half of 2020. (Reporting by Simon Jessop; editing by Carolyn Cohn)

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