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Old Mutual Sells US Life Operations For $350 million
(IAM Editorial Desk)
August 6, 2010



Old Mutual plc announced an agreement to sell its US life insurance business for $350 million to Harbinger Capital Partners LLC, a New York-based hedge fund company.

Leland C. Launer, Jr., a former EVP and chief investment officer of MetLife, Inc. now with Harbinger, will serve as chairman and CEO on completion of the acquisition, which...

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