Liechtenstein-based LGT group is acquiring Credit Suisse-owned Clariden Leu’s Insurance-Linked Investments (ILS) business which invests in insurance-linked securities. LGT Group acquired the unit at an undisclosed sum and the deal is subject to legal and regulatory approval with the transaction expected to close in the second quarter of 2012. The acquisition will effectively raise LGT Capital Management’s assets under management…
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