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A logo sits on a sign outside Swiss Re AG's headquarters in Zurich, Switzerland. (Photo: Philipp Schmidli/Bloomberg) A logo sits on a sign outside Swiss Re AG’s headquarters in Zurich, Switzerland. (Photo: Philipp Schmidli/Bloomberg)

Weak investor demand motivated Swiss RE AG to suspend it’s initial public offering of ReAssure Group Plc, Bloomberg reported on Thursday.

The initial IPO offering for ReAssure, a life and pensions company which buys and administers closed books of business from other companies, was at 280 pence to 330 pence apiece, suggesting a value of 3.3 billion pounds ($4.1 billion).

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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