An offer by ACRE to the country’s largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC backed by Ares SSG Capital, had offered about 22% recovery on LIC’s admitted claims.
An offer by ACRE to the country’s largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC backed by Ares SSG Capital, had offered about 22% recovery on LIC’s admitted claims.