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Aquiline Acquires Conning & Company

Conning has approximately $70 billion of general account assets under management, and $100 billion of total assets under contract

Aquiline Capital, a New York-based private equity financial services firm, has taken over Conning & Company, a global provider of expert solutions and services to the insurance market. The sale by Swiss Reinsurance (Swiss Re), under undisclosed terms, will include Conning’s US and European businesses.

Aquiline’ investment will allow Conning to strengthen its infrastructure, add to its services, acquire talent, and pursue strategic opportunities. Swiss Re will maintain a strong relationship with Conning as a recipient of its services.

Salvatore Correnti, CEO of Conning, said: “Aquiline brings a wealth of operational expertise in insurance and investment management, as well as an extensive relationship network.”

Jeff Greenberg, CEO of Aquiline, said: “Conning has an excellent reputation with a long-standing presence in the insurance industry and a leading market position.”

Conning offers integrated service tailored to the insurance industry, consisting of asset management, insurance research and strategic consulting. The company has approximately $70 billion of general account assets under management and $100 billion of total assets under contract.