SWITZERLAND/UK - Zurich Financial Services has continued selling-off its non-core business division by divesting the business of Zurich Life Assurance Company (Zurich Life) to Swiss Re for US$460m.
Swiss Re is to acquire the closed book of Zurich Life for a cash payment of approximately US$240m and a further US$220m in dividends. On completion of the transaction, Swiss Re will take on resp...
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