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Quilter offloads closed life unit as insurance M&A picks up

Goldman Sachs, JPMorgan and Evercore win roles advising on the deal

Goldman Sachs, JPMorgan and Evercore have won roles on the sale of wealth manager Quilter’s insurance unit, in what is expected to be a second busy year for such deals.

Quilter, one of the UK’s largest wealth managers, said on August 5 it has agreed to sell its £12bn life insurance book to ReAssure Group, a consolidator of such insurance businesses, for £450m.

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