The American Reinsurance Group of America - RGA [4] - has signed an agreement to acquire 100% of Hodge Life Assurance’s share capital (HLAC). The British life insurer is a subsidiary of Hodge Bank.
As of 19 February 2021, HLAC shall no longer underwrite new insurance policies.
The transaction is yet to be approved by the regulatory authorities.
Read also | Top 25 Property & Casualty insurers in the United States [5]
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Frga-to-acquire-100-of-hlac&text=RGA+to+acquire+100%25+of+HLAC
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Frga-to-acquire-100-of-hlac&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/2021-a-transition-year-for-insurers
[4] https://www.atlas-mag.net/article/rga
[5] https://www.atlas-mag.net/en/article/american-non-life-insurance-market-in-2019-top-25-property-casualty-insurers