Staff
Goldman Sachs said it might sell a majority stake in Rothesay Life, according to a regulatory filing with the U.S. Securities and Exchange Commission.
The reason for the potential sale is due to more stringent capital requirements.
U.K.-based Rothesay, which was established in 2007, has become one of the leading providers of regulated insurance solutions in the country for pensions de-risking with more than £10 billion ($15.95 billion) of insurance contracts.
Some of its clients include British Airways, RSA Insurance Group and the U.K. division of General Motors.
Related articles: