United States

Swiss Re agrees to 800 mln STG minority investment into its Reassure unit by MS&AD

Thursday, 5 Oct 2017 06:32pm EDT 

Oct 5 (Reuters) - Swiss Re-:Swiss Re agrees 800 million STG minority investment into reassure by MS&AD.MS&AD agreed to acquire 5% stake in Reassure for GBP 175 million, which values reassure at GBP 3.5 billion.MS&AD to invest, for up to 3-years from closing, 800 million STG in total into equity of co's unit reassure, with maximum shareholding of 15 percent.Reassure remains core part of co's business.