Swiss Re sells stake in Definity Financial for $460 million
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Swiss Re announced the sale of its 10.5% stake in Definity Financial for $460 million, expecting to finalize the deal by March 19.
(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)
The main topic is Swiss Re's sale of its 10.5% stake in Canadian insurer Definity Financial for $460 million.
This sale marks a strategic divestment by Swiss Re, indicating a shift in their investment strategy.
The deal is expected to close on March 19.
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