Skadden Reps Scor In $913M Transamerica Buy

Law360, New York (April 26, 2011, 1:51 PM EDT) -- French reinsurance company Scor SE announced a plan Tuesday to become the second-largest life reinsurer in the U.S. through the $912.5 million purchase of most of Transamerica Reinsurance's operations from Dutch insurer Aegon.

The deal also allows Aegon to release a further $500 million in capital, giving it a total post-tax value of $1.4 billion.

Scor plans to pick up Transamerica's mortality risk reinsurance business and Transamerica International Reinsurance Ireland — which underwrites that part of the company's operations — leaving aside Transamerica's structured solutions, and fixed...
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