Canadian Underwriter
News

Swiss Re to acquire U.S. reinsurance operation


July 30, 2001   by Canadian Underwriter


Print this page Share

Swiss Re announced today that it will acquire Lincoln National Corporation’s reinsurance operation, Lincoln Re, headquartered in Fort Wayne, Indiana, for US$2 billion. Swiss Re will integrate Lincoln’s reinsurance operations into the Swiss Re North American Life & Health unit.
In addition to the purchase price, Lincoln National will retain US$500 million of capital currently supporting the business. Swiss Re’s intends to raise equity to finance the transaction, which is expected to close in fourth quarter 2001.


Print this page Share

Have your say:

Your email address will not be published. Required fields are marked *

*