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Article: Scottish Annuity & Life Holdings, Ltd. Announces That FSA has ``No Objection'' to World-Wide Reassurance Acquisition.
- Article from:
- Business Wire
- Article date:
- October 31, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
HAMILTON, Bermuda and NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Oct. 31, 2001
Scottish Annuity & Life Holdings, Ltd. (Nasdaq:SCOT) announced today that the Financial Services Authority of the United Kingdom notified the Company that it has no objection to Scottish Annuity & Life becoming a controller of World-Wide Reassurance Company Limited. The FSA is the primary regulator of World-Wide Reassurance.
Scottish Annuity & Life announced on August 6, 2001 that it had agreed to acquire World-Wide Reassurance and its parent company, World-Wide Holdings Limited, a wholly owned subsidiary of Pacific Life Insurance Company, in exchange ...