Deals
Goldman Sachs Completes Sale of Majority of Reinsurance Unit
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Goldman Sachs Group Inc. sold a majority stake in its reinsurance business to institutions and high-net worth clients as financial firms adjust to demands by regulators for more capital.
Goldman Sachs is keeping a minority stake in the business, named Global Atlantic Financial Group, the New York-based bank said today in a statement. The firm didn’t disclose the price of the private offering or what percentage it retained.