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Cathay Life Insurance Co. Ltd. will contribute its ownership of Conning Holdings Ltd. and its three affiliates -- Octagon Credit Investors, Global Evolution and Pro-market -- in exchange for 16.75% ownership of GIH, said Woody Bradford, chief executive officer and chair of the Conning board.
By A.M. Best Company, Inc.Cathay Life Insurance Co. Ltd. will contribute its ownership of Conning Holdings Ltd. and its three affiliates -- Octagon Credit Investors, Global Evolution and Pro-market -- in exchange for 16.75% ownership of GIH, said Woody Bradford, chief executive officer and chair of the Conning board.