Jamieson advises the management of Guardian Financial Services on the £1.6bn sale to Swiss Re.
Swiss Re, the global insurance and reinsurance business, has entered into an agreement to acquire Guardian Financial Services (“Guardian”) from majority shareholder Cinven for £1.6 billion.
Guardian is one of the most active life insurance consolidators in the UK and Irish markets and the UK’s largest privately owned life insurance company. Today Guardian has £20 billion of assets under management and manages 900,000 policies. Closing of the acquisition is subject to regulatory approval and could be completed in early 2016.
Stuart Coventry, Andrew Cox and Ross Wheeler from Jamieson advised the Guardian management team.
