Swiss Re sells stake in Definity Financial for $460 mln

, Reuters -  8:41 AM ET 3/18/2025 mergers-and-acquisitions

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March 18 (Reuters) - Swiss Re on Tuesday announced a sale of its 10.5% stake in Canadian insurer Definity Financial ( DFYFF ) for 655 million Canadian dollars ($458.49 million).

The Swiss reinsurer expects to close the deal on March 19 and will hold no shares in Definity Financial ( DFYFF ) after that, it said.

($1 = 1.4286 Canadian dollars) (Reporting by Andrey Sychev, editing by Rachel More)

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