- Newslink Global Insurance Trends-The Week
- Bank of England and Monetary Authority of Singapore(MAS) to work together to strengthen cyber security in their financial sectors
- ABI unveils landmark new research on flood defences as UK Government announces a target of zero greenhouse gas emissions by 2050
- S&P Global Ratings revises outlook to stable from negative tn its ratings on Lloyd's
- ACORD iConductor, a comprehensive global data exchange service, launched
- Verisk launches Cyber Underwriting Report, a new InsurTech solution aimed to help insurers underwrite a wide variety of risks in the growing cyber market with increased speed and precision
- J.D. Power 2019 US Auto Insurance Study reports positively on impact of digital self-service technologies expired
- Greek insurer wins award with FRISS AI anti-fraud application expired
- Legal & General launches ‘estua-re-the first pension risk transfer execution platform driven by blockchain technology expired
- Prudential in strategic partnership with PT Visionet International(OVO), a leading digital AI payments, rewards and financial services platform in Indonesia expired
- Sapiens partners with predictive cyber risk modelling firm Kovrr expired
- Geneva Association announces the election of four new Board members expired
9th June 2019
Swiss Re subsidiary Reassure Group considering proceeding with an initial public offering (IPO)
Swiss Re has reported that its subsidiary, ReAssure Group, is considering proceeding with an initial public offering (IPO) pending the approval of the UK Financial Conduct Authority. Publication of the registration document is the first step toward the potential listing of ReAssure ordinary shares on the main market of the London Stock Exchange.
Swiss Re announced in August 2018 that it was exploring a possible IPO of ReAssure, the business that focuses exclusively on the acquisition and management of closed books of life insurance policies. Should ReAssure proceed with the IPO, Swiss Re would seek to reduce its stake to below 50% from 75% currently.
In preparation for the planned IPO, ReAssure has been reorganised into a standalone group. As part of that process, a more efficient and appropriate capital structure for ReAssure will be put in place, which will include a net increase of £481m in ReAssure's capital position by its two shareholders(Swiss Re and MS&AD Insurance Group Holdings Inc) in proportion to their current holdings.
Swiss Re Trends(698 articles)