Article: Scottish Annuity & Life Holdings, Ltd. Shareholders Approve World-Wide Reassurance Acquisition.

Business Editors

HAMILTON, Bermuda and NEWPORT BEACH, California--(BUSINESS WIRE)--Dec. 18, 2001--Scottish Annuity & Life Holdings, Ltd. (Nasdaq:SCOT) announced today that its shareholders approved the acquisition of World-Wide Reassurance Company Limited at an Extraordinary General Meeting of Shareholders held on Friday, December 14, 2001, in Bermuda.

Shareholders approved all four proposals presented at the Extraordinary General Meeting of Shareholders that will enable Scottish Annuity & Life to close the transaction by the end of the year.

Scottish Annuity & Life announced on August 6, 2001 that it had agreed to acquire World-Wide ...

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