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

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Simon Jessop Reuters
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Resolution Life, which specialises in buying and reinsuring old life insurance businesses, said it has raised $3 billion in fresh capital since Septemeber 2018.

LONDON, Nov 18 (Reuters) - Resolution Life, which specialises in buying and reinsuring old life insurance businesses, said it has raised $3 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)

((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.thomsonreuters.com@reuters.net))

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