Quilter Life Assurance sold to ReAssure for £425m
'Quilter an advice-led business'
Paul Feeney: “The Quilter board is currently minded to return a meaningful proportion of the net surplus proceeds arising from the transaction to shareholders."
Quilter has sold its heritage life and pensions devision, Old Mutual Wealth Life Assurance Ltd, to ReAssure for £425m.
Quilter said the sale, which had an "attractive valuation", would solidify its position as an advice-led and modern wealth manager. Quilter Life Assurance, a closed book of unit-linked policies, was...
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