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Deals Rumor Mill: Partnership Assurance, UBS, Euronext

By Karlee Weinmann (May 13, 2013, 1:23 PM EDT) -- British life insurer Partnership Assurance Group PLC is poised to go public in an offering that could value the company at as much as $1.5 billion, The New York Times reported on Monday. The private equity-backed company had announced its intention to hold an initial public offering, but has not publicly outlined that it plans to raise about $380 million by selling off 25 percent of its shares. PAG is majority-owned by Cinven. The IPO is expected by the end of June....

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