Swiss Re Buys Guardian for $2.5 Billion to Expand in BritainBy
Deal gives Admin Re unit an additional 900,000 U.K. policies
Swiss Re says purchase won't affect share buyback program
Swiss Re’s business unit Admin Re is acquiring Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies.
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