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.