Swiss Re Seeks Top Spot With GE Deal

Consolidation in the global reinsurance industry claimed anothermajor player this year, as GE Insurance Solutions reached anagreement to be taken over by Swiss Re in a deal valued at $6.8billion.

The acquisition of what was once known as Employers ReinsuranceCorp., or ERC, will most probably make Swiss Re the world's largestreinsurer, surpassing Munich Re for the top spot, industry analystsspeculated when the deal was announced last month.

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