9 December 2021

Ascot sale on the cards, as CPP Investments eyes exit from insurance

Ascot Group owner the Canada Pension Plan Investment Board is seeking to sell its insurance assets,  Reuters reports. A “strategic U-turn” will see it exit both the Bermuda-domiciled re/insurer and Connecticut-headquartered Wilton Re.

According to reports, it is preparing to launch the sale processes in the new year, with Wilton Re valued at more than $4 billion.

The report’s source stresses that no deal is certain for either business, however, and both re/insurers have declined to comment.




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More on this story

News
11 October 2023   Ascot aims to increase presence in US marine market.
News
29 September 2023   Ratings are affirmed for Bermuda and US subsidiaries by AM Best.
News
22 September 2023   The re/insurer says AI aligns with company’s tech-centric approach.