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Swiss Re to Sell 10.05% Stake in Definity Financial for CAD 655 million

Mar 18, 2025•about 1 year ago

Contract Type

agreement

IndiaInsurance

Description

Swiss Re has announced an agreement to sell approximately 10.05% stake in Definity Financial Corp. for CAD 655 million. The sale is part of a regular review and rebalancing of Swiss Re's investment portfolio.

Company Information

Company

Swiss Re India Branch

Location

50 Mythenquai

India

About

Swiss Re Ltd, established in 1863 and based in Zurich, Switzerland, is one of the largest and oldest reinsurance companies globally. With around 70 to 80 offices in approximately 29 to 30 countries and a workforce of about 14,000 employees, Swiss Re is publicly listed on the SIX Swiss Exchange. The company is known for its strong financial base and extensive international presence. Swiss Re specializes in reinsurance, insurance, and insurance-based risk transfer solutions. Its core business segments include risk transfer, which provides reinsurance coverage to insurance companies; risk retention financing, offering financial solutions for clients to manage their own risks; and asset management, which supports the company’s financial strength. The company serves a diverse clientele, primarily insurance companies and corporations, addressing various risks such as natural disasters, climate change, and cyber threats. Swiss Re is committed to helping clients manage complex risks and emphasizes values like client centricity, agility, and integrity.

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