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Scottish Annuity Life Holdings Ltd

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August 7, 2001 | Reuters
Scottish Annuity & Life Holdings Ltd. on Monday said it would buy a reinsurance unit of Pacific Life Insurance Co. for $78 million in stock to boost capital and build a core business overseas. Scottish Annuity, which provides reinsurance of life insurance and annuities and also issues customized variable life and annuity products for the wealthy, will buy World-Wide Holdings Ltd. and its World-Wide Reassurance Co. Ltd. unit, based in Windsor, England.
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BUSINESS
August 7, 2001 | Reuters
Scottish Annuity & Life Holdings Ltd. on Monday said it would buy a reinsurance unit of Pacific Life Insurance Co. for $78 million in stock to boost capital and build a core business overseas. Scottish Annuity, which provides reinsurance of life insurance and annuities and also issues customized variable life and annuity products for the wealthy, will buy World-Wide Holdings Ltd. and its World-Wide Reassurance Co. Ltd. unit, based in Windsor, England.
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