Swiss Re announces further plans to streamline legal entity structure of the Group
(WorldNews Switzerland)

Swiss Re announced today further streamlining of the legal entity structure of the Group. Following the announcement on 19 June 2020 that the Life Capital Business Unit will be disbanded, Swiss Re intends to also reorganise the legal entity structure of its Corporate Solutions Business Unit. As part of the changes, the Group intends to make Swiss Reinsurance Company Ltd (rated AA- by S&P / Aa3 by Moody`s / A+ by AM Best) the sole direct wholly-owned operating subsidiary of Swiss Re Ltd. Swiss Reinsurance Company Ltd would in turn have separate holding companies for the Business Units of Reinsurance and Corporate Solutions, as well as the iptiQ division. The streamlining of the Group`s...