|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||24.500 - 24.820|
|52 Week Range||21.610 - 26.320|
|PE Ratio (TTM)||95.17|
|Forward Dividend & Yield||1.22 (4.87%)|
|1y Target Est||N/A|
Swiss Re reported better-than-expected 2017 net income on Friday despite huge claims during 2017 and ruled out a capital increase to make it easier for Japan's SoftBank to buy a stake. The world's second-biggest reinsurer said this month it was in talks about SoftBank taking a minority stake in a deal that could be worth $10 billion (7.2 billion pounds) or more. The Zurich-based company said on Friday there was no certainty any deal would be concluded, but it would not be issuing new shares to enable SoftBank to make an investment.
Swiss Re AG, the reinsurer that has piqued the interest of SoftBank Group Corp.’s billionaire founder Masayoshi Son, said it expects to benefit from rising prices even as natural disasters all but wiped ...
The idea of a Japanese tech company spending $10 billion on a stake in a reinsurer sounds crazy, but when you think about Softbank’s pursuit of Swiss Re, it starts to make frighteningly good sense.
ZURICH/TOKYO (Reuters) - Swiss Re said it is in talks to sell a minority stake to SoftBank Group in a deal that could be worth $10 billion or more and would mark Japanese company's biggest move yet into financial services. The potential sale of up to one third of the Swiss reinsurer, as reported by the Wall Street Journal, would also show SoftBank's ambitions to broaden its investments, which already include its $93 billion Vision Fund for technology projects. "Swiss Re informs that it is engaged in preliminary discussions with SoftBank Group Corp regarding a potential minority investment in Swiss Re," the world's second-largest reinsurer said.
SwissRe shares surged the most in more than 8 years Thursday after it confirmed investment talks with SoftBank that could extend billionaire investor Masayoshi Son's ambitions to be the "tech sector ...
Swiss Re AG shares rose the most in more than six years after the company confirmed that it’s in talks with SoftBank Group Corp. about the Japanese company taking a stake in the re-insurer.
BERLIN (AP) — Insurance company Swiss Re says it is in preliminary discussions with Softbank on a potential minority investment by the Japanese technology conglomerate.
SoftBank Group is in advanced talks to buy a stake in reinsurance giant Swiss Re that could be worth $10 billion or more, in the latest example of the Japanese conglomerate’s soaring ambitions.
Swiss Re (SRENH.S) is in preliminary discussions with Japan's SoftBank Group (9984.T) on a potential minority investment in the Swiss reinsurer, the Zurich-based group said on Wednesday. The statement followed a report in the Wall Street Journal that the two groups were in advanced talks on a deal that could be worth $10 billion or more. Such a deal would make SoftBank the largest investor in the reinsurance group.
Rating Action: Moody's affirms Swiss Re's Aa3 IFS and senior debt ratings; outlook stable. Global Credit Research- 19 Dec 2017. London, 19 December 2017-- Moody's Investors Service has affirmed the Aa3 ...
Rating Action: Moody's affirms Everest Re's ratings; stable outlook. Global Credit Research- 15 Dec 2017. New York, December 15, 2017-- Moody's Investors Service, has affirmed the ratings of Everest Re ...
Swiss Re Chief Financial Officer David Cole will step down next March and will be replaced by the group's head of strategy, John Dacey, the world's second-largest reinsurer said on Friday. Cole is departing after four years in the job, and a total seven years with the company, to pursue a non-executive career, Swiss Re said. "After seven years with Swiss Re, David Cole will step down as group chief financial officer on 31 March 2018 to pursue a non-executive career while remaining a board member of Swiss Re subsidiary companies," the Zurich-based group said in a statement.
Swiss Re has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) for 650 million pounds, the Swiss group said on Wednesday. The policies – which include with-profit, unit-linked and savings products – will be transferred to ReAssure from Legal & General Assurance Society Limited, which is part of the L&G Group," it said in a statement.
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on November 15th and 16th, 2017
NEW YORK , Nov. 13, 2017 /PRNewswire/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on November 15 th and 16 th , featuring live ...
CNBC's Dominic Chu reports that according to Dow Jones, Softbank is looking to buy a large stake in global reinsurer Swiss Re.