June 7, 2019 / 6:11 AM / 9 days ago

BRIEF-Swiss Re UK life unit Reassure plans to list in London

June 7 (Reuters) -

* REASSURE UK SERVICES SWISS RE LIMITED - ANNOUNCEMENT OF POTENTIAL INTENTION TO FLOAT

* REASSURE -ANNOUNCEMENT OF INTENTION TO PUBLISH A REGISTRATION DOCUMENT AND POTENTIAL INTENTION TO FLOAT ON LONDON STOCK EXCHANGE

* REASSSURE IS CONSIDERING APPLYING FOR ADMISSION OF ITS ORDINARY SHARES (“SHARES”) TO PREMIUM LISTING SEGMENT OF OFFICIAL LIST OF FCA ( “OFFICIAL LIST”) AND TO TRADING ON LONDON STOCK EXCHANGE’S MAIN MARKET FOR

* REASSURE HAS A FIVE-YEAR CUMULATIVE SURPLUS GENERATION TARGET FROM 2019 TO 2023 OF £2.1 BILLION AND A CUMULATIVE SURPLUS GENERATION TARGET FROM 2024 ONWARDS OF £4.1 BILLION

* REASSURE INTENDS TO HAVE A FREE FLOAT OF AT LEAST 25% OF COMPANY’S ISSUED SHARE CAPITAL Source text for Eikon: Further company coverage: [ ] (Reporting By Carolyn Cohn)

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