Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million June 23, 2021 Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After...
Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19 July 23, 2020 Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger June 19, 2020 Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the...
Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit April 30, 2020 Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares December 6, 2019 Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As...
Swiss Re Postpones $4B ReAssure IPO, Citing Weak Investor Demand July 11, 2019 By Brenna Hughes Neghaiwi and Arno Schuetze Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the...
Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO June 27, 2019 By John Revill UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on...
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July June 14, 2019 By Ross Larsen and Will Hadfield Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the...
Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure June 7, 2019 By John Revill and Carolyn Cohn Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put...
Japan Insurance Group MS&AD to Raise Stake in Swiss Re’s UK Unit ReAssure December 21, 2018 Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK...