Swiss Re has postponed the flotation of its UK zombie life insurance business after investors unsettled by overhyped share offers and the prospect of a no-deal Brexit refused to accept the company’s valuation of up to £3.3bn. The Swiss insurer announced the initial public offering of ReAssure in June after months of speculation about a… Continue reading Swiss Re Halts Flotation of ReAssure Life Insurance
Tag: ReAssure IPO
Swiss Re Presses Ahead with Flotation of $4.5 Billion British Unit
Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world’s second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds. ReAssure, Britain’s sixth largest life insurer, plans to list at least a 25% stake, it said in a statement. The… Continue reading Swiss Re Presses Ahead with Flotation of $4.5 Billion British Unit