Swiss Re sells 6.6% Phoenix stake for £437mn
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Swiss Re sells 6.6% Phoenix stake for £437mn

Samuel Casey
23 June 2021
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Swiss Re has sold a 6.6% share of Phoenix Group Holdings for £437mn ($609mn) in a move that is expected to result in a low single-digit increase in its solvency ratio.

The reinsurer acquired its stake in Phoenix, a life funds consolidator, in 2020 through its sale of ReAssure, a closed life business then majority owned by Swiss Re.

The

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News Swiss Re Reinsurers
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Samuel Casey
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