- IAIS will soon embark on a new strategic direction following approval of its 2020-2024 Strategic Plan and Financial Outlook(SPFO)
- EIOPA publishes 2018 Annual Report
- IPCC circulates Final Draft including the Summary for Policymakers(SPM) of the Special Report on the Ocean and Cryosphere in a Changing Climate(SROCC) to governments
- UK motor insurers had impressive 2018 but prospects could worsen in next two years says EY research
- FCA publishes first annual perimeter report
- Insurer legacy systems holding back single customer view and slowing digital transformation says new MarkLogic global survey
- Econocom research indicates that over a quarter of businesses(26%) have had digital transformation projects fail expired
- Riskbook the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC) expired
- Argo deploys AVYST’s bi-directional forms system, eForms Wizard, making it possible for clients and brokers to enter risk details just once, at source expired
- SURA Columbia successfully deploys its integrated claims fraud detection programme for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. expired
- Brown appointed Non Executive Director at SSP expired
- Randall steps down as Group CEO at R&Q expired
9th June 2019
Swiss Re subsidiary Reassure Group considering proceeding with an initial public offering (IPO)
Swiss Re has reported that its subsidiary, ReAssure Group, is considering proceeding with an initial public offering (IPO) pending the approval of the UK Financial Conduct Authority. Publication of the registration document is the first step toward the potential listing of ReAssure ordinary shares on the main market of the London Stock Exchange.
Swiss Re announced in August 2018 that it was exploring a possible IPO of ReAssure, the business that focuses exclusively on the acquisition and management of closed books of life insurance policies. Should ReAssure proceed with the IPO, Swiss Re would seek to reduce its stake to below 50% from 75% currently.
In preparation for the planned IPO, ReAssure has been reorganised into a standalone group. As part of that process, a more efficient and appropriate capital structure for ReAssure will be put in place, which will include a net increase of £481m in ReAssure's capital position by its two shareholders(Swiss Re and MS&AD Insurance Group Holdings Inc) in proportion to their current holdings.
Swiss Re Trends(698 articles)