Zurich Annuities Go to Swiss Re ; Insurance

Summary


Zurich Assurance, the British subsidiary of Zurich Financial Services Group, is to transfer some pounds 3.7 billion-worth of annuities to insurer Swiss Re.

Liabilities estimated at a further pounds 3.9 billion will also transfer across to Swiss Re, it was announced yesterday.

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Extract


Zurich Annuities Go to Swiss Re ; Insurance

The annuities business will be now be managed by Windsor L...

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