(Bloomberg) – Billionaire Masayoshi Son's SoftBank Group Corp. is likely to take a stake of 10% or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company's shares fell as much as 3.1%.
The companies are in talks about strategic cooperation as well as the anchor investment, Swiss Re said in a statement on Wednesday. It's the first time the insurance firm has commented on the size of a possible transaction.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
