• Swiss Re sells ReAssure for £3.25bn to Phoenix Group Holding • Swiss Re will receive a cash payment of £1.2bn and shares in Phoenix • Expected result of the sale is a SST ratio increase of 12pp and a pre-tax loss of around $300m in 2019
06 Dec 2019
ReAssure sale with a $300m pre-tax loss announced
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ReAssure sale with a $300m pre-tax loss announced
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
06 Dec 2019 -
Author:
Dieter Hein -
Pages:
3
• Swiss Re sells ReAssure for £3.25bn to Phoenix Group Holding • Swiss Re will receive a cash payment of £1.2bn and shares in Phoenix • Expected result of the sale is a SST ratio increase of 12pp and a pre-tax loss of around $300m in 2019