Transaction had been stalled due to Covid-19
Phoenix also goes ahead with dividend payment
Reinsurer confirms forecast of $1.1bn first-half loss
Reinsurer also completes sale of ReAssure to Phoenix
Thierry Léger to replace Edi Schmid
Group still targeting £800m to £900m cash generation this year
Deal to transfer with-profits business to ReAssure put on ice
Swiss Re says insurers have a significant role in the “new-normal” Chinese economy
Quilter plc sells closed UK life business to ReAssure
Swiss Re to float UK closed-book life insurer in London