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Swiss Re said in talks to sell £1bn Admin Re stake to third-party investors

Global reinsurance giant Swiss Re has been reported to be in talks to sell a £1 billion stake in its closed life insurance book arm Admin Re unit, with pension funds, sovereign wealth and other third-party capital providers thought the likely candidates.Swiss Re has been seeking third-party capital support for read the full article →

Swiss Re puts excess capital to work in new Admin Re life deal

Reinsurance firm Swiss Re has found something to do with some of its excess capital, putting some of it to work in a new deal for its closed life insurance book arm Admin Re which has acquired Guardian Financial Services for GBP£1.6 billion ($2.5 billion).For some time Swiss Re has read the full article →

Swiss Re’s Admin Re unit offloads U.S. life insurer Aurora

Reinsurance company Swiss Re has further rationalised its life focused Admin Re business unit with the announcement of the sale of its U.S. subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA).RGA has agreed to acquire 100% of the shares of Aurora National Life Assurance Company, a read the full article →

Swiss Re’s Admin Re to acquire pension business from HSBC UK

Reinsurance firm Swiss Re has entered into an agreement with HSBC to purchase over 400,000 individual and group pension and related annuity policies as well as GBP £4.2 billion in unit-linked assets from HSBC Life (UK) Limited.This is the first transaction from Swiss Re's Admin Re business unit in some time, read the full article →

Swiss Re still seeking third-party capital support for Admin Re

Reinsurance firm Swiss Re is continuing to seek investment support for its Admin Re unit, with third-party capital providers an option it is open to, according to the reinsurers CEO Michel Liès.In November Swiss Re announced that its discussions with Phoenix Group Holdings, on the proposed tie up between the read the full article →

Swiss Re may leverage third-party capital in Admin Re unit

Reinsurance firm Swiss Re is considering allowing third-party capital sources to enter its Admin Re unit in some form, according to comments made at the reinsurers recent investor day. The reinsurer would consider allowing third-party capital providers to participate in a transaction to buy new blocks of life business.The Admin read the full article →

Swiss Re selling its Admin Re business in the U.S.

Reinsurer Swiss Re has announced that it is going to sell off its U.S. Admin Re® business for $600m in cash as it seeks to unlock capital that is tied up in it. Total cash proceeds from the sale will be $900m after a pre-closing dividend. Admin Re provides risk read the full article →

Swiss Re closes Admin Re transaction in the UK with American Life Insurance Company

Swiss Re has announced its latest bulk purchase of life insurance policies under their Admin Re® series of transactions. The latest deal see's them acquire approximately 300,000 policies and UK£1.6 billion in assets from American Life Insurance Company.Swiss Re have now completed more than 50 transactions globally with Admin Re read the full article →