Aquiline Capital buys Conning

Aquiline Capital Partners LLC has purchased Conning & Co., the research, consulting and asset management firm, from Swiss Reinsurance Co. Ltd. New York-based Aquiline, a private equity firm, did not reveal the terms of the sale, but said in a statement that Conning’s U.S. and European businesses are part of the deal. Hartford, Conn.-based Conning has its European offices in Dublin and London. Though the purchase has been signed, it has not been closed yet, a spokesman for Aquiline said. He was unable to provide the time frame as to when the deal was expected to be completed. Conning has about $70 billion in general-account assets under management and $100 billion in total assets under contract. Swiss Re is based in Zurich, Switzerland.