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Scottish Re working with Sandler O’Neill on sale (8/24/15)

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Enterprising Investor Member Level  Wednesday, 08/26/15 01:35:01 PM
Re: insomniac post# 196
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Scottish Re working with Sandler O’Neill on sale (8/24/15)

Cerberus Capital Management and MassMutual Capital Partners have appointed Sandler O'Neill as they again look to exit their stake in beleaguered life reinsurer Scottish Re, The Insurance Insider can reveal.

A handful of parties are said to be involved in the bidding process for the Bermuda-based reinsurance company, which has struggled to recover financially since being rescued in 2007 by Cerberus and MassMutual Capital Partners - the strategic investment arm of insurer MassMutual Financial Group.

http://www.insuranceinsider.com/-1256396/11

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