Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.

ING Groep NV raised $2.1 billion from the sale of shares in its insurer NN Group NV, the second-biggest initial public offering in Europe this year.

ING Groep NV is likely to price shares in its European insurance unit at 20 euros apiece, making it the third-biggest initial public offering in Europe this year.