Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Swiss Re buy expands Australian aviation holdings

Reprints

Swiss Re Corporate Solutions Ltd. will acquire Assetinsure Holdings Pty Ltd.’s Australia aviation business, the companies said Wednesday.

Terms of the deal were not disclosed.

Zurich-based Swiss Re Corporate Solutions owns the majority interest of Sydney-based Assetinsure’s aviation insurance portfolio, which has been managed by Assetinsure since 2010. After the acquisition, Swiss Re will own 100% of the company’s general aviation and aerospace portfolio in Australia, New Zealand and select Pacific Islands, according to the statement.

Swiss Re Corporate Solutions will open a Brisbane office, adding to the reinsurer’s existing Australian offices in Sydney and Melbourne.