Swiss Re set to become world’s largest reinsurer via GE deal

General Electric offloads its reinsurance business but Swiss Re takes no chances and secures US$3.4bn for reserves

Swiss Re is buying most of GE Insurance Solutions for $6.8bn. The deal will leave Swiss Re with estimated combined revenues of SF46bn (US$35bn) and assets of SF265bn ($200bn), propelling it to a size that overtakes rival Munich Re (with revenues of about $28.9bn) as the world’s largest reinsurer.