Life insurance assets from Swiss Re in U.S. may soon be for sale

October 18, 2013March 1, 2014 G. Turner

The company has announced that it is considering a retreat from the market in the United States. Sources familiar with Swiss Re Ltd. have revealed that it is thinking about putting its Aurora National Life Assurance Co. up for sale as it is drawing back from the American health and life insurance marketplace. This second largest reinsurer in the world is now taking efforts to seek out buyers for the assets. Swiss Re is working alongside Barclays PLC in order to be able to locate buyers for Aurora National as…

Life insurance stake at Vysya sold by ING

January 25, 2013April 30, 2013

The 26 percent share in the company was expected to sell and has finally gone to another insurer. ING, the Dutch banking group, has sold its 26 percent share of Vysysa Life Insurance to another insurer in the Asian marketplace, Exide Industries, a local company. This makes ING the second foreign business to step out of India within the last year. This is a notable occurrence as the life insurance sector within India is considered to be competitive. ING made the initial announcement on Wednesday, stating that this decision to…