News - Swiss Re to buy GE insurance firm
Wednesday, February 13th, 2008Reinsurer Swiss Re has agreed to pay $6.8bn (4bn) for the insurance unit of industrial giant General Electric.
Swiss Re will sell $7.5bn of new shares to finance the acquisition and cover the debts of GE Insurance Car insurance finance
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Buying the firm will turn Swiss Re into the world’s largest reinsurance company at a […]