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Swiss Re Shoots Down Agnelli Talks Speculation

Shares in Swiss Re pared gains after the Zurich-based reinsurer denied that Fiat's founding Agnelli family is poised to buy a stake in the company.

By Reuters | Updated on March 12, 2014

ZURICH/LONDON (Reuters) – Shares in Swiss Re pared gains after the Zurich-based reinsurer denied that Fiat’s founding Agnelli family is poised to buy a stake in the company.

“Contrary to market speculation, Swiss Re is not in discussion with the Agnelli family or any of its investment vehicles regarding the possible acquisition of a stake in Swiss Re,” the company said on Wednesday.

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