|Bid||88.50 x 219300|
|Ask||89.10 x 238000|
|Day's range||88.16 - 89.04|
|52-week range||81.65 - 98.80|
|PE ratio (TTM)||86.19|
|Earnings date||3 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||101.00|
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Swiss Re Ltd (VTX:SREN) has returned to shareholders over theRead More...
Switzerland's Swiss Re (SRENH.S) is set to acquire a 13.81 percent stake in Kenyan insurer Britam Holdings (BRIT.NR) from an individual shareholder, both firms said on Tuesday. Britam is the biggest company in the Kenyan life insurance and pension annuity sector with just over a fifth of the market. Its property portfolio includes shopping malls, hospitality, housing, student accommodation and offices.
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine Swiss Re Ltd’s (SWX:SREN) track record on a high level, toRead More...
GENEVA (AP) — Insurance company Swiss Re and Softbank have agreed to end discussions about a potential minority investment by the Japanese technology conglomerate.
The reinsurance giant said it would keep implementing its technology strategy through in-house developments and collaborations with third parties.
Swiss Re (SRENH.S) and SoftBank (9984.T) have halted their discussions about a potential minority investment by the Japanese group, the Swiss reinsurance company said on Monday. Swiss Re had been entertaining the deal involving SoftBank amid industry-wide pressure in recent years from falling prices and intense competition, hoping a new partner might open new streams of revenue from the fast-growing and unsaturated insurance market of Asia. Initial reports this year that SoftBank wanted as much as a quarter of the Swiss company were winnowed in April to not more than 10 percent.
Discussions between Swiss Re and SoftBank about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday, quoting people close to the situation. "Talks between Swiss Re and SoftBank over an investment in the reinsurance company are close to collapsing after three months of discussions," the FT said. The reinsurer's chief financial officer, John Dacey, told reporters on a call on Friday that the company was still in discussions with SoftBank, but that it was not sure they would result in a completed transaction and that it was also talking to other potential partners.
Discussions between Swiss Re (SRENH.S) and SoftBank (9984.T) about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday, quoting people close to the situation. "Talks between Swiss Re and SoftBank over an investment in the reinsurance company are close to collapsing after three months of discussions," the FT said. The reinsurer's chief financial officer, John Dacey, told reporters on a call on Friday that the company was still in discussions with SoftBank, but that it was not sure they would result in a completed transaction and that it was also talking to other potential partners.
Swiss Re (SRENH.S) said it was still in discussions with SoftBank (9984.T) on Friday about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing. Swiss Re and its competitors have been under pressure in recent years from falling prices amid intense competition and a fresh investor like SoftBank could open new streams of revenue from the fast-growing and unsaturated insurance market of Asia. "We continue to be in discussions with SoftBank," John Dacey, Swiss Re's chief financial officer, told reporters on a call.
AG (SREN.EB) said Friday that net profit fell in the first quarter, after an accounting change impacted earnings. Net profit in the period was hit by a $280 million pretax charge stemming from an accounting change and fell to $457 million compared with $656 million the same period last year, the Swiss reinsurer said. Excluding the impact of the accounting change, estimated net profit for the period would have been $678 million, Swiss Re said.
Climate change and our insistence on building in high-risk areas may force us to reconsider whether our losses are natural or man-made.
A unit of Swiss Re will insure up to $500 million in infrastructure loans to emerging markets made by the International Finance Corporation, the IFC said on Wednesday. Swiss Re Corporate Solutions will insure credit risk on loans under the IFC's Managed Co-Lending Portfolio Program, bringing the programme's total lending capacity to $7 billion, the IFC said in a statement.
Japan's SoftBank is in talks to buy a stake in Swiss Re that is unlikely to exceed 10 percent, the reinsurer said on Wednesday, less than the 25 percent markets had expected after recent news reports. The prospect of a smaller investment, and the preliminary status of talks, sparked a drop in Swiss Re's shares, which were down 3.2 percent at 93.28 Swiss francs at 1010 GMT. Swiss Re Chief Executive Christian Mumenthaler sounded enthusiastic about the potential deal, citing SoftBank's ties to China, focus on technology and access to 800 million customers.
Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s ...
TOKYO/ZURICH (Reuters) - Japan's SoftBank Group Corp (9984.T) is looking to buy a 25 percent stake in Swiss Re AG (SRENH.S) worth about $9.6 billion (£6.81 billion) as the firms' talks over a potential deal advance, Bloomberg reported. The talks are centering on 100 to 105 Swiss francs a share, Bloomberg said, citing people with knowledge of the matter, adding that the terms of the potential deal were still fluid and that the companies could fail to reach an agreement. SoftBank declined to comment on the report on Thursday.
March 29 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts ...
Jun.26 -- Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group. Bloomberg's Manuel Baigorri reports on "Bloomberg Markets."
May.28 -- Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer. Bloomberg's Sarah Syed reports on "Bloomberg Markets: European Open."
May.02 -- Japan's SoftBank Group Corp. has named Marcelo Claure chief operating officer, elevating Sprint's top executive in a broader role after he negotiated a merger with T-Mobile. Bloomberg's Peter Elstrom reports on "Bloomberg Markets: Asia." (Headline and description changed for clarity.)
Mar.28 -- SoftBank is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as 37 billion Swiss francs ($39 billion), according to people with knowledge of the matter. Bloomberg's Pavel Alpeyev reports on "Bloomberg Daybreak: Asia."