Investment forum for the management of the pension fund's largest country is now implementing an important purchase.
Recent news has now been announced, said the Council of Canadian investment Pension Plans has agreed to make $ 1.8 billion acquisition of Wilton re Holdings Ltd. to manage the largest pension funds in the country in the industry of life insurance.
Reinsurer is being acquired by investors investment and represents the first breakthrough of the Canada Pension on the field.
Canada pension insurance plans industryAmong investors to participate in part of this acquisition in the insurance industry is Vestar Capital Partners Inc. , stone point capital, and Kelso & Co. It represents the first time Canada Pension made a direct investment in the sector. However, it sees Wilton Re as "an ideal platform" for the provision of the Canada Pension Plan Investment Board (CPPIB) with the ability to "deploy capital next important scale in the insurance sector American life. " This, according to Andre Bourbonnais, CPPIB's senior vice president of private investments.
Investments in insurance and reinsurance are more attractive for pension funds for many reasons.
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