Wednesday 08 February 2012 | RSS Feed

Swiss Re buys Barclays Life

Swiss Re has agreed to buy Barclays’ life assurance arm for £753 million.


5 August, 2008

The insurer said it would buy about 760,000 life insurance and pension policies and annuity contracts, representing £6.8 billion in invested assets.

Barclays said it expected a post-tax gain of about £330 million on the sale, although the transaction is not expected to have a material impact on its earnings per share.




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