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.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk 
Hartford Q1 Income Up 41% on Commercial Lines as Auto Results Improve 
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster 
South Carolina Ringleader Sentenced to 8 Years for Staged Accidents 
