Swiss Re sells stake in Definity Financial for $460 million

(Reuters) - Swiss Re on Tuesday announced a sale of its 10.5% stake in Canadian insurer Definity Financial for 655 million Canadian dollars ($458.49 million).

The Swiss reinsurer expects to close the deal on March 19 and will hold no shares in Definity Financial after that, it said.

($1 = 1.4286 Canadian dollars)

(Reporting by Andrey Sychev, editing by Rachel More)