Pair advise alongside Travers Smith as Canada Pension Plan Investment makes insurance push with Ascot deal
September 20, 2016 at 07:35 AM
1 minute read
Freshfields Bruckhaus Deringer, Debevoise & Plimpton and Travers Smith are advising as the Canada Pension Plan Investment Board (CPPIB) buys Ascot Underwriting – American International Group’s Lloyd’s of London platform – for $1.1bn (£845m).
As part of the deal, AIG has sold its 20% stake in Ascot Underwriting and fully owned funding subsidiary Ascot Corporate Name to CPPIB.
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