Swiss Re has announced an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc. Swiss Re Group Investors Debt Swiss Re Finance (UK) Plc: Financial Statements. As part of the agreement, which values ReAssure at £3.25bn, Swiss Re will receive a cash payment of £1.2bn, shares in Phoenix representing a 13% to 17% stake and be entitled to a seat on its Board of Directors. Free registration. As part of the agreement, which values ReAssure at GBP 3.25 billion, Swiss Re will receive a cash payment of GBP 1.2 billion, shares in Phoenix representing a 13% to 17% stake and be entitled to a seat on its Board of … Reassure Group PLC provides insurance services. Following the announcement by ReAssure on 7 June 2019 regarding the publication of a Registration Document, ReAssure today confirms its intention to proceed with an Initial Public Offering (the "IPO" or the "Offer") and Level the playing field with access to the latest investment research. The transaction is another significant milestone on Phoenix’s growth journey and has established Phoenix as the largest long-term savings and retirement business in the UK with circa £300 billion of assets under … ReAssure Group Plc. Phoenix Group Holdings plc is pleased to announce the completion of the acquisition of ReAssure Group plc ("ReAssure") from the Swiss Re Group. Forward looking statements NINE MONTHS: News Release: HALF-YEAR: News Release: FIRST QUARTER: News Release. For over forty years, we have been helping hospitals, research laboratories, pharmaceutical companies and the IVF industry with the safe storage and preservation of … ReAssure Group PLC, the UK closed-book arm of Swiss Re, will aim to float in London with a market cap of £2.8bn-£3.3bn. Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. REASSURE GROUP PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity ReAssure Group plc. London, United Kingdom Closed life and pensions consolidator. Total consideration of £3.2 billion to Swiss Re Group (“Swiss Re”) and MS&AD Insurance Group … 6 December 2019 - Sale of ReAssure to Phoenix Group On 6 December 2019, Swiss Re announced an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc. FTSE 100 life insurer Phoenix Group is to buy its biggest rival, ReAssure, from Swiss Re in a £3.2bn cash-and-shares deal. The company was founded in 1963 and is headquartered in Telford, the United Kingdom. The Board of Phoenix Group Holdings plc ('Phoenix' or the 'Company' and, together with its subsidiaries, the 'Group') is pleased to announce the proposed acquisition of ReAssure Group plc ('ReAssure'), a leading life insurance closed book consolidator in the United Kingdom (the … Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. You have at your disposal scanned copies of official documents submitted by the company at Companies House. Phoenix Group Holdings plc ("Phoenix" or the "Company" and, together with its subsidiaries, the "Group") is pleased to announce the completion of the acquisition of ReAssure Group plc ("ReAssure") from the Swiss Re Group (the "Acquisition").Andy Briggs, CEO of the Phoenix Group … On 22 July Phoenix Group plc completed the acquisition of ReAssure Group plc from Swiss Re Group. Credit Ratings, Research and Analysis for the global capital markets. 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