Swiss Re announces major restructure

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Swiss Re reveals significant restructure

In June 2020, Swiss Re revealed that its life capital business unit would be disbanded when ReAssure is marketed to Phoenix metro Team– and also today, the reinsurer has actually exposed additional modifications to the lawful entity framework of the team. According to a news release, the following Swiss Re department that gets on the restructuring warpath is the company options organization system.

As component of the modifications, the team will certainly make Swiss Reinsurance Business Ltd the single straight wholly-owned operating subsidiary of Swiss Re Ltd. Swiss Reinsurance Business Ltd would certainly after that have different holding business for the reinsurance and also company options organization devices, along with the iptiQ department. Under this brand-new framework, these organizations will certainly remain to run individually, and also Swiss Reinsurance Business Ltd will certainly presume the financial debt of Swiss Re Corporate Solutions Ltd.

This lawful entity framework is anticipated to be in position by the end of 2021, based on needed governing authorizations.

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