NU Online News Service, May 31, 10:24 p.m. EDT
Swiss Re has sold its U.S. Admin Re business to Jackson National Life Insurance for a cash payment of $600 million.
The transaction, which is expected to close in the second half of the year, involves Swiss Re's U.S. Admin Re holding company, Reassure America Life Insurance Company. The sale remains subject to regulatory approvals, the Zurich, Switzerland-based insurance company says.
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