Canada Pension to Acquire Ascot in $1.1 Billion London Deal

Updated on
  • Hancock’s AIG to get $240 million of cash from Ascot
  • CPPIB sees Ascot as ‘ideal platform’ for insurance growth

Canada Pension Plan Investment Board agreed to buy Ascot Underwriting Holdings Ltd., the Lloyd’s of London insurer tied to American International Group Inc., as part of a $1.1 billion deal.

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