Swiss Re Life & Health is to expand its Admin Re business following its acquisition of Zurich's lif...
Swiss Re Life & Health is to expand its Admin Re business following its acquisition of Zurich's life division in August for a cash payment of $240m (£150m). Admin Re acquires books of life and health policies that have been or will be placed into run off. The reinsurer hopes to acquire further books of business over the next two to three years. Any new business will be incorporated into Admin Re until the policies expire or a claim has been made. Martyn Parker, chief executive of Swiss Re Life & Health UK, said: "Our objective is to build up a series of acquisitions over time and feed...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
