Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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MS&AD to acquire 15% stake in Swiss Res 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...

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