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(Reuters) — Swiss Re Ltd. is on the lookout for acquisitions for its corporate solutions division, the reinsurer's finance chief told Reuters on Thursday.
The division, which provides insurance to big corporate clients, posted a $405 million loss in 2018 following claims for natural and man-made disasters.
“Were we to see a reasonably-priced acquisition opportunity that would help us build scale, we would consider it,” Chief Financial Officer John Dacey told Reuters.
He noted that the pricing of such transactions over the past two years have been lofty.
Swiss Re Corporate Solutions named Philippe Aerni to be global head of casualty, financial and professional lines, effective Jan. 1, the unit of Swiss Re Ltd. said in a statement Thursday.