Global reinsurance giant Swiss Re has revealed it expects to make SFr230m (£106.8m) from the sale of its stake in Partner Re.
Announcing the move, Swiss Re said the deal would see it sell its entire 16% stake in the reinsurer.
Swiss Re was a sponsoring investor in ParterRe's formation in 1993.
It said the sale was in line with its strategy to allocate capital to its core reinsurance business, where conditions were "currently positive".
