Swiss Re takes out insurance on its own IPO CGAThompson
Swiss Re has set a price range of 2.80-3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the world's second-largest reinsurance company said on June 27.
The offer is expected to deliver a free float equivalent to 26% of ReAssure's issued share capital, although up to 15% more will made available as part of an over-allotment allocation. Zurich-based Swiss Re is spinning off ReAssure to put the business under a more favourable regulatory regime and give it easier access to capital to fund its expansion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss Re's ReAssure valued at up to $4.2 billion in IPOUK life assurance business ReAssure will be valued at up to 3.3 billion pounds (...
Read more »
London stock exchange could delist Swiss companies like UBS amid EU standoffThe London stock exchange (LSE) has warned investors they could be forced to delist Swiss stocks from Monday due to a political standoff between Switzerland and the European Union (EU).
Read more »
Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAESwitzerland has banned planemaker Pilatus from operating in Saudi Arabia and the...
Read more »
EXCLUSIVE: Marco Di Rado Named CEO of Jet SetUnder Di Rado’s direction and with the help of creative director Michael Michalsky, the Swiss sportswear brand is repositioning itself as more contemporary label.
Read more »
Nestlé, Novartis at Risk of London Trading BanSwitzerland and the EU are at loggerheads over an overhaul of the complex ties that have guided the relationship for decades. The ability of some investors to trade blue-chip Swiss companies could be affected by the spat.
Read more »
Swiss Re's ReAssure valued at up to $4.2 billion in IPOUK life assurance business ReAssure will be valued at up to 3.3 billion pounds (...
Read more »