Home Insurance Swiss Re sells U.S. Admin Re unit

Swiss Re sells U.S. Admin Re unit


Swiss Re, whose U.S. headquarters are in Armonk, will sell its U.S. Admin Re business, known as the Reassure America Life Insurance Co., to Jackson National Life Insurance for $600 million in cash. Swiss Re will also get a pre-closing dividend of $300 million. Admin Re is the unit of Swiss Re that acquires life…

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