Company Overview of Admin Re UK Limited
Admin Re UK Limited, a vulture fund company, is concerned with the acquisition of life assurance companies, or parts of their operations. Once the companies are acquired, they are shut down, closed to new business, and the resulting portfolios are split between investors. Admin Re UK Limited was incorporated in 1994 and is based in Telford, United Kingdom. Admin Re UK Limited operates as a subsidiary of Swiss Re Life Capital Ltd.
Telford, TF3 4NB
Founded in 1994
44 1952 292 929
44 8707 091 111
Key Executives for Admin Re UK Limited
Compensation as of Fiscal Year 2014.
Admin Re UK Limited Key Developments
Admin Re Announces Earnings Results for the Quarter and Year Ended 2013
Feb 20 14
Admin Re announced earnings results for the quarter and year ended 2013. For the quarter the company reported premiums earned and fee of $287 million against $245 million a year ago. Net income was $85 million against $102 million a year ago. Return on equity was 5.7% against 6.0% a year ago.
For the year the company reported premiums earned and fee income of $1,330 million against $1,705 million a year ago. Net income was $423 million against $183 million a year ago. Return on equity was 6.8% against 2.6% a year ago.
Swiss Re Terminated Takeover Talks With Phoenix
Nov 13 13
Swiss Re Ltd (SWX:SREN) terminated the talks with Phoenix Group Holdings Plc (LSE:PHNX). The parties were in talks about the purchase of Phoenix Group Holdings by Swiss Re’s business unit Admin Re UK Limited. Swiss Re and Phoenix confirmed on November 13, 2013, that discussions are terminated as Swiss Re and Phoenix were unable to agree the terms on which a mutually acceptable transaction could take place.
Swiss Re In Talks With Phoenix On Admin Re Merger
Aug 26 13
Swiss Re Ltd (SWX:SREN) has confirmed it’s in talks to merge Admin Re UK Limited with Phoenix Group Holdings Plc (LSE:PHNX). If talks are successful Swiss Re would take a minority shareholding in Phoenix, Bloomberg reported. In a statement Swiss Re said: “Swiss Re Ltd notes recent media speculation and confirms that it is in preliminary discussions with Phoenix Group Holdings in relation to a possible combination of Phoenix Group Holdings and Swiss Re's Admin Re Business Unit. There is no certainty that these discussions will lead to any transaction. Further statements will be made if and when appropriate.”
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