Aeolus backers Elliott and Wand Partners buy Prosperity

Financial investors Elliott Management Corporation and Wand
Partners have furthered their investment in the insurance space
with the acquisition of Prosperity Life Insurance Group.
Reservoir Capital and Black Diamond have agreed to sell 100
percent of the US life insurer for an undisclosed sum to an
investor consortium including Elliott, Wand Partners and Prosperity
CEO Anurag Chandra.
The deal marks further M&A activity in the insurance sector
by Elliott and Wand Partners after the January