No deal for Swiss Re and SoftBank
Tuesday, 05 29 2018, Category: Insurance and Reinsurance, Country: World
The discussions about a potential investment deal between reinsurance major Swiss Re and Japanese technology conglomerate and investor SoftBank Group have come to an end with no deal agreed, according to an announcement from the reinsurer today.
Swiss Re SoftBankTalks have been ongoing for around four months between Swiss Re and SoftBank, as the latter sought a meaningful investment stake in the former.
SoftBank had been seeking as much as a quarter stake in reinsurer Swiss Re, as the tech investor clearly saw an opportunity to combine its platform with that of one of the world’s leading reinsurers.