Quilter completes sale of life assurance business

The final deal will cost ReAssure £445m and Quilter has earmarked £375m as net surplus proceeds that will be returned to the company's shareholders. It said it would confirm the details of that capital return by its full year company announcement in March. Quilter said the sale, which had an "attractive valuation", would solidify its position as an advice-led and modern wealth manager. Quilter Life Assurance, a closed book of unit-linked policies, was once the core of Quilter's UK business....