Insurance News in Brief

Swiss Re ends talks with SoftBank

SoftBank
For four months Swiss Re and SoftBank discussed the potential for the Japanese conglomerate to take a minority stake in the world’s Number one reinsurer. Today Swiss Re announced the end of the talks without a deal. Ledger Insights explored the potential benefits in-depth. Market rumors suggested that SoftBank wanted as much as 25% of the company to yield significant influence. Swiss Re was only interested in around 10%, and the reinsurer wasn’t looking to raise new capital.

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