Admin Re to buy Guardian

ReAssure’s parent company, Admin Re, has agreed to acquire 100% of the shares of Guardian Holdings Europe Ltd. The deal is subject to regulatory approval, with a targeted completion of early 2016.

The acquisition will significantly extend Admin Re’s position as a major consolidator of closed book life and pensions business in the UK and Ireland. It will add over 900,000 annuity, life insurance and pension policies, bringing Admin Re’s total policy count to over 4 million.

Existing ReAssure customers will not be directly affected by the deal.

You can find out more about the acquisition at the Swiss Re website.

Press enquiries should be sent to Media_Relations@swissre.com.