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Swiss Re plans for London listing of $4.5 billion ReAssure unit in July

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Swiss Re plans for London listing of $4.5 billion ReAssure unit in July
FILE PHOTO: The logo of insurance company Swiss Re is seen in front of its headquarters in Zurich, Switzerland February 12, 2019. REUTERS/Arnd WIegmann   -   Copyright  Arnd Wiegmann(Reuters)
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ZURICH (Reuters) – Swiss Re confirmed it wants to float its $4.5 billion (£3.6 billion) UK life assurance business ReAssure, saying on Friday it expected to complete a listing on the London Stock Exchange in July.

The Zurich-based company said last week it planned to float the business to put it under a more favourable regulatory regime and give it easier access to capital to fund its expansion.

(Reporting by John Revill; Editing by Tassilo Hummel)

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