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Bookmark and Share Royal Bank of Canada Free from Liberty Life Insurance

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Royal Bank of Canada cuts its losses. Entering the U.S. insurance business in 2000 with the $650 million takeover of Liberty Life and related units from Liberty Corp., RBC felt it was time to divest.
Royal Bank of Canada announced that Athene Holding Ltd. has agreed to acquire Liberty Life Insurance Company, the U.S. life insurance business of RBC Insurance for US$628.1 million.

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Published 1 year 29 weeks ago – Made popular 1 year 29 weeks ago
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