Swiss Re has acquired GE Insurance Solutions, the fifth largest reinsurer worldwide, from General Electric Company (GE) in a $6.8bn (£4bn) transaction.
Swiss Re said it will pay for the acquisition with a combination of cash and equity, and will raise $7.5bn (£4.4bn) in new capital.
The combined company will have estimated annual revenue of CHF46bn (£20bn). GE's unit will add approximately $6.2bn (£3.6bn) in revenue.
John Coomber, Swiss Re chief executive officer, said: "This is both strategically and financially a very attractive
transaction that creates significant value for our shareholders.
"The acquisition of GE Insurance Solutions provides a powerful business fit offering tremendous opportunities to strengthen our franchise."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
