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03/03/2019 | In:

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- In the News (9)
- Press Releases (2)
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Press Releases

Jun 12, 2014 - GreyCastle Holdings Ltd. Completes Acquisition of XL Group’s $5.9 Billion Run-Off Life Reinsurance Operations

June 12, 2014 – GreyCastle Holdings Ltd. (“GreyCastle”) today announced that it has completed the acquisition of the run-off Life Reinsurance operations of XL Group (“XL”) for $570 million in cash. With $5.9 billion in assets, the acquired business is composed primarily of UK and Ireland pension annuities. The transaction was previously announced on May […]

Apr 29, 2014 - GreyCastle Holdings Ltd. to Acquire XL Group’s Run-Off Life Reinsurance Operations

May 1, 2014 – GreyCastle Holdings Ltd. (“GreyCastle”), a well-capitalized reinsurance business backed by a consortium of investors led by TRB Advisors and Equity Group Investments, announced today that it has entered into a definitive agreement to acquire the run-off Life Reinsurance operations of XL Group (“XL”) for $570 million in cash. The business being […]

In the News

Jun 22, 2014 - Reinsurance: GreyCastle Shows Different Approach For New Capital

Insurance Risk, June 20, 2014 – A recent deal between XL and GreyCastle is made possible by the long-term objectives of the buyer’s backers. Rob Mannix spoke to GreyCastle’s chief executive Raymond Brooks about how this approach is different from that of other similar investments. A recent deal whereby global insurer XL retroceded part of […]

May 6, 2014 - XL Life Reinsurance Selling For $570M To New Holding Company

Business Insurance – May 2, 2014 XL Group P.L.C. said Thursday that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd. to GreyCastle Holdings Ltd. for $570 million in cash … Read More

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