Swiss Re subsidiary to proceed with IPO

Swiss Re subsidiary to proceed with IPO | Insurance Business Australia

Swiss Re subsidiary to proceed with IPO

If all goes as planned, the ordinary shares of ReAssure Group Plc will be listed on the main market of the London Stock Exchange next month.

It’s been announced that the Swiss Re subsidiary will go ahead with an initial public offering (IPO) after previously publishing its registration document. ReAssure’s parent firm said further public updates will be provided in due course.

To make way for the listing slated in July, the Swiss Re subsidiary – which focuses exclusively on the acquisition and management of closed books of life insurance policies – has been reorganised into a standalone entity.

Earlier this month it was revealed that a more efficient and appropriate capital structure will also be put in place in time for the then potential and now confirmed IPO in London.