Friday, November 28, 2008

News - Swiss Re to buy GE insurance firm

Reinsurer Swiss Re has agreed to pay $6.8bn (4bn) for the insurance unit of industrial giant General Electric. Swiss Re will sell $7.5bn of new shares to finance the acquisition and cover the debts of GE Insurance Solutions.

autocompanyfinancein.shinyblogs.com/2007/10/22/news-swiss-re-to-buy-ge-insurance-firm/