Asia Capital Re boss says it will not seek new buyers after sale talks

The acting chief executive of Asia Capital Re (ACR) has confirmed that the company has made a joint decision with Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings to terminate its $1 billion sale—but he stressed that it is business as normal for the reinsurer.

The rest of this article is locked for subscribers only. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.

To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

Asia Capital Re, Shenzhen Qianhai Financial Holdings, Shenzhen Investment Holdings, ACR, SIRC, Bobby Heerasing, Hans-Peter Gerhardt, Asia Pacific

More on this story

Asia Capital Re appoints new Malaysia CEO
03-01-2018

ACR confirms that sale will not proceed
07-11-2017

Global reinsurers’ ‘measured response’
01-11-2017

Pricing for non-cat property stable
01-11-2017

ACR completes acquisition of Malaysia and ReTakaful subsidiaries
02-02-2017

Asia Capital Re keeps A- ratings but AM Best warns on “record of not meeting targets”
16-12-2016

Acquisition by Chinese funds an ‘opportunity’ for Asia Capital Re, claims its CEO
13-10-2016

Asia Capital Re boss says it will not seek new buyers after sale talks fall through

More on this story

Other related

More on this story

Sign up for the newsletter