Swiss Re: Milliardenzukauf in Grossbritannien

Admin Re® to buy Guardian Financial Services for GBP 1.6 billion, extending its position as a leading closed life book consolidator in the UK

Swiss Re’s business unit Admin Re® has agreed to acquire Guardian Holdings Europe Limited, the holding company for operations trading under the name Guardian Financial Services (“Guardian”) from private equity company Cinven for GBP 1.6 billion. The acquisition will extend Admin Re®’s position as a leading closed life book consolidator in the UK, with over four million policies in force. As a result of the acquisition, Admin Re® will further diversify its current business and increase its assets and reserves. Closing of the acquisition is subject to regulatory approval and could be completed in early 2016.

Michel M. Liès, Swiss Re’s Group Chief Executive Officer, says: “This acquisition is an excellent opportunity for Admin Re® to further enlarge its successful business and diversify its portfolio. It is proof that we can deliver on our ambitions to seek profitable growth opportunities for Admin Re® in the UK. The expected returns exceed our profitability targets for new business and represent an excellent fit with our Group strategy as well as with Admin Re®’s capabilities and existing infrastructure.”

Weiterlesen…