Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion
Phoenix to buy Swiss Re's ReAssure unit for $4.1 billion 3LONDON/ZURICH (Reuters) – Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares The deal is the latest in a rapidly consolidating sector as insurance companies look to sell off old books of …
News story posted on 2019-12-06T07:28:00.0000000Z