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Article: Delaware Insurance Commissioner Approves Acquisition of Scottish Annuity & Life Holdings, Ltd. Shares by Pacific Life.
- Article from:
- Business Wire
- Article date:
- December 20, 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 & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec. 20, 2001
Scottish Annuity & Life Holdings, Ltd. (Nasdaq:SCOT) announced today that Donna Lee H. Williams, Insurance Commissioner for the State of Delaware, has approved the acquisition of an indirect 23% interest in Scottish Re (U.S.), Inc. by Pacific Mutual Holding Company.
The Delaware Insurance Commissioner is the primary regulator of Scottish Re (U.S.), Inc., a Delaware stock life insurance company that is a wholly-owned subsidiary of Scottish Annuity & Life Holdings, Ltd.
Scottish Annuity & Life announced on August 6, 2001 that it had agreed to ...