Slaughter and May advised Swiss Re Ltd on the sale of a minority stake in ReAssure06 Oct 2017
Slaughter and May advised Swiss Re Ltd on the sale of a minority stake in ReAssure, a market-leading UK closed life book consolidator within the Swiss Re Life Capital Business Unit, and related joint venture arrangements.
The sale values ReAssure at GBP 3.5 billion and involves Tokyo-based MS&AD Insurance Group Holdings, Inc. acquiring an initial 5% stake in ReAssure and committing to future investments of up to GBP 800 million.
The acquisition of the initial 5% stake is subject to regulatory approval, and closing is expected to occur in the first quarter of 2018.
IP/ IT: David Ives (partner), Oliver Howley (associate)
Regulatory: Ben Kingsley (partner), Tim Fosh (associate)
Tax: Michael Lane (partner), Charles Osborne (associate)
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