GIC, MassMutual to buy Blackstone's 36% stake in UK insurer Rothesay Life for $7.4b

GIC, MassMutual to buy Blackstone's 36% stake in UK insurer Rothesay Life for $7.4b

Singapore investment firm GIC and the US-based Massachusetts Mutual Life Insurance Company (MassMutual) have agreed to acquire Blackstone’s 36 per cent stake in the UK-based annuity provider Rothesay Life, according to a press statement.