BREAKING NEWS

BREAKING NEWS

Swiss Re buys life policies from Legal & General for 650 million pounds

Now Reading:

Swiss Re buys life policies from Legal & General for 650 million pounds

Swiss Re buys life policies from Legal & General for 650 million pounds
Text size Aa Aa
ZURICH (Reuters) - Swiss Re has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) for 650 million pounds, the Swiss group said on Wednesday. "This move is consistent with Swiss Re's strategy to acquire closed life books in the UK. The policies – which include with-profit, unit-linked and savings products – will be transferred to ReAssure from Legal & General Assurance Society Limited, which is part of the L&G Group," it said in a statement. (Reporting by Michael Shields, editing by John Miller)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.