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


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.

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

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