Swiss Re Buys Guardian for $2.5 Billion to Expand in Britain

Updated on
  • 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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