Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., is purchasing Prudential Financial Inc.’s full-service retirement business for $4.45 billion in a bid to deepen its presence in the U.S. market. The deal made by the Winnipeg-based company includes about $2.6 billion of capital to support the business and will reinforce its position in the […]
Great-West Lifeco Inc. subsidiary Empower Retirement has signed an agreement to buy the retirement services business of Massachusetts Mutual Life Insurance Co. in a transaction valued at about $4.4 billion. The company says the deal will strengthen Empower’s position as the second largest player in the U.S. retirement market. The deal follows an announcement in […]