CPPIB completes Ascot acquisition

The Canada Pension Plan Investment Board (CPPIB)'s $1.1bn
acquisition of Lloyd's carrier Ascot has completed,
The Insurance Insider understands.
According to sources the deal closed this month,after the sale was announced in September.
The deal consideration includes capital that will be provided to
meet Syndicate 1414's Funds at Lloyd's (FAL)
requirements.
The Insurance Insider previously
reported thatCPPIB was the preferred buyer for the company, with any deal
expected to value the business at