Quilter completes sale of life assurance business

Worth £445m

clock • 1 min read

The sale of Quilter's closed book of life assurance business to ReAssure has been confirmed

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. It was made up of pensions, investment and savings and protections products, with both retail ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Aviva expands ChatGPT app to life insurance quotes

Aviva expands ChatGPT app to life insurance quotes

Application completed on Aviva’s website

Jaskeet Briah
clock 02 June 2026 • 1 min read
Scottish Widows pays out £219m in 2025

Scottish Widows pays out £219m in 2025

Nearly 11,000 claimants

Cameron Roberts
clock 26 May 2026 • 2 min read
Renaming vulnerability could change everything: Hood

Renaming vulnerability could change everything: Hood

“We can turn these solvable problems into opportunities”

Carlton Hood
clock 26 May 2026 • 4 min read