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Press release content from Business Wire. The AP news staff was not involved in its creation.
CORRECTING and REPLACING Aquarian Holdings Announces Agreement to Acquire Pavonia Life Insurance Company of New York
February 16, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 16, 2021
Last sentence of the release should read: RBC Capital Markets acted as financial advisor.(instead of RBC Global Markets acted as financial advisor.).
The updated release reads:
AQUARIAN HOLDINGS ANNOUNCES AGREEMENT TO ACQUIRE PAVONIA LIFE INSURANCE COMPANY OF NEW YORK
Aquarian Holdings (“Aquarian”) announced today that it has entered into a definitive agreement to acquire Pavonia Life Insurance Company of New York (“PLICNY”) from a wholly owned U.S. subsidiary of Enstar Group Limited. Founded in 1971, PLICNY is a New York-domiciled insurance company licensed to underwrite business in New York and Delaware.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Aquarian Holdings Announces Agreement to Acquire Pavonia Life Insurance Company of New York
February 16, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 16, 2021
Aquarian Holdings (“Aquarian”) announced today that it has entered into a definitive agreement to acquire Pavonia Life Insurance Company of New York (“PLICNY”) from a wholly owned U.S. subsidiary of Enstar Group Limited. Founded in 1971, PLICNY is a New York-domiciled insurance company licensed to underwrite business in New York and Delaware.
The transaction is subject to customary closing conditions, including regulatory approval by the New York State Department of Financial Services. Terms of the transaction were not disclosed.