Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
MS&AD to acquire 15% stake in Swiss Re’s ReAssure
- 6 October 2017
Japanese insurer MS&AD Insurance Group Holdings has agreed to invest up to £800mn ($1.04bn) in Swiss Re's UK closed life book consolidator ReAssure.
The investment will be made over a three-year period, and will give MS&AD a maximum shareholding of 15 percent.
MS&AD has initially taken a 5 percent stake in the company for £175mn.
The remaining £625mn investment will be made through share issuances to MS&AD as ReAssure undertakes transactions in the future.
Once the 15 percent shareholding threshold...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial