Swiss Re to sell Aurora National LifeNews added by National Underwriter on October 17, 2013
National Underwriter

National Underwriter

Joined: April 22, 2011

By Warren S. Hersch

Swiss Re Ltd. is reported to be in talks to sell Aurora National Life Assurance Co. as part of plans to pull out from the U.S. life and health insurance markets.

Bloomberg discloses that Barclays Plc is helping Swiss Re find buyers for Aurora National and some of the insurer’s other assets in the U.S.

One of Bloomberg's sources estimated that Swiss Re could raise more than $400 million from the sale, which would include approximately $5 billion in insurance assets, such as life insurance owned by corporations and other policies and annuities.

Read the full article here.

Originally published on LifeHealthPro.com
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Press Release