HARTFORD, CT., October 13, 2009 – Conning & Company (“Conning”), a leading global provider of asset management and consulting services to the insurance industry, today announced the closing of its acquisition by funds managed by Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in the financial services sector.
“We are pleased to close this transaction with Aquiline. This is a very exciting time for the entire Conning team.” said Salvatore Correnti, CEO of Conning. “We have received excellent response to our partnership from both clients and prospects. We look forward to enhancing and extending our relationships and services with current and future clients.”
About Conning & Company
Founded in 1912, Conning is a leading global provider of expert solutions and services to the insurance market. As a knowledge leader for the insurance industry, Conning serves clients with a unique combination of asset management, insurance research and strategic consulting. The company is headquartered in Hartford, Connecticut with additional offices in New York, London and Dublin. www.conning.com
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance and reinsurance, banking and specialty finance, securities, asset management, life insurance and reinsurance, and operations and financial technology. Aquiline seeks to add value to its portfolio companies through strategic, operational, and financial guidance.