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Swiss Life Says Insurance Acquisitions Not Easy, F&W Reports

While Swiss Life Holding AG (SLHN) could consider a merger or making an acquisition, implementation is “anything but easy,” Finanz & Wirtschaft reported, citing Chief Executive Officer Bruno Pfister.

The life insurer sees “no big movements” in Switzerland and there are few pure listed non-life insurers in Europe, Pfister said in an interview in today’s newspaper. Interest rates will probably remain low for the next five to seven years to allow banks to increase their capital, according to Pfister.

To contact the reporter on this story: Dermot Doherty in Geneva, Switzerland, via ddoherty9@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

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