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CPPIB-backed insurer selling Toronto subsidiary, Cadillac Fairview adopting nostalgic strategy

A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]
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