News - Swiss Re to buy GE insurance firm
Friday, February 15th, 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 Solutions.
Buying the firm will turn Swiss Re into the world’s largest reinsurance company at a time when […]