ReAssure News

Swiss Re Postpones $4B ReAssure IPO, Citing Weak Investor Demand

Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors. The cancellation comes as global …

Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO

UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, the world’s second-largest reinsurance company, set …

Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July

Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The company is expected to begin trading in London in …

Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure

Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion. ReAssure, Britain’s …

Japan Insurance Group MS&AD to Raise Stake in Swiss Re’s UK Unit ReAssure

Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of £315 million ($398.7 million). The transaction, which is subject …

Swiss Re Appoints Hodges as CEO at ReAssure to Lead on Expected IPO

As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announced it has appointed Mark Hodges, currently chief executive officer of Centrica Consumer division, as new CEO of ReAssure beginning in March 2019. The …

Swiss Re Weighs IPO for UK Closed-Book Business; Pricing Pressures Hit Earnings

Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its U.K. closed-book business. Swiss Re’s net income fell to $1 billion …

Swiss Re Purchases 1.1 Million Life Policies from Legal & General for $873.6M

Swiss Re has agreed to purchase 1.1 million life insurance policies from UK insurer Legal & General Group (L&G) for £650 million ($873.6 million). These policies will be managed by ReAssure, Swiss Re’s closed book life consolidator within the Swiss …

Japan’s MS&AD to Invest $1B in Swiss Re’s UK Unit, ReAssure Jersey One

Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million pounds ($1.05 billion) to take a stake of up to 15 percent in UK-based ReAssure Jersey One Ltd. MS&AD and …