November 18, 2019 / 10:53 AM / 25 days ago

Cowdery's Resolution Life in $3 billion capital raise since Sept. 2018

LONDON (Reuters) - Resolution Life, which specialises in buying and reinsuring old life insurance businesses, said it has raised $3 billion (£2 billion) in fresh capital since Septemeber 2018.

The company, run by veteran insurer Clive Cowdery, also said a deal to buy Australia’s AMP Life (AMP.AX) announced earlier this year is expected to close in the first half of 2020.

Reporting by Simon Jessop; editing by Carolyn Cohn

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