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.
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
