ReAssure completes acquisition of Quilter UK Heritage business

This deal will see 200,000 customers from Old Mutual Wealth Life Assurance Limited and its subsidiary Old Mutual Wealth Pensions Trustees Limited transfer to ReAssure (subject to regulatory approval).

It follows the purchase of over 1 million policies from Legal & General in 2017, and further cements ReAssure’s position as a key consolidator of life and pensions business in the UK.

Mark Hodges, ReAssure Group CEO, commented:

“I am delighted to welcome our new customers and colleagues to ReAssure. This transaction is further evidence of our value-creating acquisition track record providing excellent customer service, valued solutions for vendors and attractive returns to our shareholders.”

You can find out more about the acquisition by reading the August press release at reassuregroupplc.co.uk.