King & Spalding Advises LCCG on £1.8 Billion Deal with Equitable Life
King & Spalding’s London office represented Life Company Consolidation Group (LCCG) on its agreement with The Equitable Life Assurance Society (Equitable Life) under which it is proposed that Equitable Life and all of its business transfer to Reliance Life Limited (Reliance Life), a specialist UK run-off manager established by LCCG. The deal is reported to be valued at £1.8 billion. Equitable Life was founded in 1762 and is the world’s oldest mutual insurer.
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