TORONTO (Dow Jones)–Royal Bank of Canada (RY) is selling its U.S. insurance unit, Liberty Life Insurance Co., to Bermuda-based reinsurer Athene Holding Ltd. for US$628.1 million, a move that’s being viewed as a possible pre-cursor to the sale of its flagging U.S. retail bank. Royal Bank, Canada‘s largest bank by assets, is selling the business [...]
Athene Holding Ltd. to acquire Liberty Life Insurance Company
Athene Holding Ltd. to acquire Liberty Life Insurance Company GREENVILLE, SC, Oct. 22 /PRNewswire-FirstCall/ – Royal Bank of Canada (RY on TSX and NYSE) today announced that Athene Holding Ltd. has agreed to acquire Liberty Life Insurance Company, the U.S. life insurance business of RBC Insurance for US$628.1 million. The transaction is subject to regulatory [...]
Royal Bank to sell US insurance division to Athene Holding for US$628.1 million – Winnipeg Free Press
Royal Bank to sell US insurance division to Athene Holding for US$628.1 million By: David Friend, The Canadian Press Posted: 22/10/2010 8:46 AM | Comments: 0 | Last Modified: 22/10/2010 5:18 PM PRINT E–MAIL 0 SHARE 0 SHARE1 REPORT ERROR TORONTO – Royal Bank of Canada (TSX:RY) has reached an agreement to sell its U.S. [...]
domain-b.com : Royal Bank of Canada to sell Liberty Life to Athene Holding for $628.1 million
Royal Bank of Canada to sell Liberty Life to Athene Holding for $628.1 million news 23 October 2010 Royal Bank of Canada (RBC), the largest financial institution in Canada yesterday said that it will sell its US Liberty Life Insurance, the US life insurance business of RBC Insurance unit to Bermuda-based Athene Holding, for $628.1 [...]
Royal Bank to Sell U.S. Life Unit to Apollo-Linked Entity for $628 Million – Bloomberg
Royal Bank to Sell U.S. Life Unit to Apollo-Linked Entity for $628 Million By Doug Alexander, Sean B. Pasternak and Zachary R. Mider – Oct 22, 2010 3:46 PM MT Tweet (9) LinkedIn Share Print Email Royal Bank of Canada agreed to sell its U.S. life insurance business to an entity with ties to Apollo [...]
Going Deep by Steve Sanduski
One of the pleasures of being an author is to do book signings and chat with the folks who take an interest in what you are writing. Every once in a while, though, you come in contact with someone who just makes you shake your head and ask, “What was that all about?” That happened [...]
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