Swiss Re Completes Lincoln Re Acquisition

December 10, 2001

Swiss Re Life & Health America Inc., the U.S. unit of Swiss Re Group, announced that its has completed the acquisition of Lincoln National's reinsurance operations, Lincoln Re, for the announced price of $2 billion.

Lincoln Re reported that total premiums written in 2000 amounted to $1.4 billion, and that it had invested assets of $4.3 billion. Swiss Re North America CEO Jacques E. DuBois noted that the acquisition would significantly strengthen his company's position in the U.S. life and health reinsurance market, would broaden its client base and underscored Swiss Re's expertise in risk and capital management.