Swiss Re sells stake in Definity Financial for $460 million - Finance news and analysis from Global Banking & Finance Review

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Swiss Re sells stake in Definity Financial for $460 million

Published by Global Banking & Finance Review

Posted on March 18, 2025

1 min read

· Last updated: March 18, 2025

Add as preferred source on Google

Swiss Re Sells Definity Financial Stake 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)