Slaughter and May advised Swiss Re Ltd on the sale of a minority stake in ReAssure

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.

Craig Cleaver Partner
Robert Innes Partner
David Ives Partner
Ben Kingsley Partner
Mike Lane Partner
Charles Osborne Associate