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Wednesday, August 26, 2015 1:35:01 PM
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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