June 14, 2019 / 5:14 AM / a year ago

Swiss Re plans for London listing of $4.5bln ReAssure unit in July

ZURICH, June 14 (Reuters) - Swiss Re confirmed it wants to float its $4.5 billion UK life assurance business ReAssure, saying on Friday it expected to complete a listing on the London Stock Exchange in July.

The Zurich-based company said last week it planned to float the business to put it under a more favourable regulatory regime and give it easier access to capital to fund its expansion.

Reporting by John Revill Editing by Tassilo Hummel

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