ZURICH (Reuters) – Swiss Re confirmed it wants to float its $4.5 billion UK life assurance business ReAssure, saying on Friday it expected to complete a listing on the London Stock Exchange in July.
The Zurich-based company said last week it planned to float the business to put it under a more favourable regulatory regime and give it easier access to capital to fund its expansion.
(Reporting by John Revill; Editing by Tassilo Hummel)