Northwestern Mutual Life Insurance Co., the No. 2 seller of the coverage in the U.S. last year, is turning to property investments and private deals after scaling back from stocks during last year’s rally.
Northwestern Mutual Life Insurance Co. sold the Seattle headquarters of its Russell Investment Group unit for $480 million, the largest deal for a single office building in the western U.S. since 2006.
London Stock Exchange Group Plc is considering a purchase of Russell Investments Ltd., the indexing and fund-management unit of Northwestern Mutual Life Insurance Co., to expand its FTSE International Ltd. business.
Russell Investments, the indexing and fund-management unit of Northwestern Mutual Life Insurance Co., is drawing takeover interest from suitors including Blackstone Group LP and Bain Capital LLC as Goldman Sachs Group Inc. solicits bids for the firm, people with knowledge of the matter said.