Swiss Re has said it expects to raise $3.9bn instead of $4.7bn in equity securities to fund the GE Insurance Solutions acquisition.
The reinsurer said it will use internal generated cash in place of the $0.8bn in planned equity as a result of its "very strong capital position and operating cash flows".
The total amount for the acquisition remains unchanged at $7.6bn.
In addition, the company announced that ohn Fitzpatrick, head of financial services, will leave Swiss Re in order to set up a new investment fund with Swiss Re's support.
