Swiss Re Seeks Top Spot With GE Deal
Consolidation in the global reinsurance industry claimed another major player this year, as GE Insurance Solutions reached an agreement to be taken over by Swiss Re in a deal valued at $6.8 billion.
The acquisition of what was once known as Employers Reinsurance Corp., or ERC, will most probably make Swiss Re the world's largest reinsurer, surpassing Munich Re for the top spot, industry analysts speculated when the deal was announced last month.
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