Goldman Sachs to Sell Its European Insurance Business

August 8, 2013 by Michael J. Moore

Goldman Sachs Group Inc. said it probably will sell a majority stake in its European insurance business in the next 12 months.

The business, known as Rothesay Life Ltd. and run by Addy Loudiadis, had $9.66 billion in assets as of June 30, New York- based Goldman Sachs said today in a regulatory filing.