Swiss Re unlikely to be party to mergers and acquisitions: CFO

Posted On: Oct. 30, 2015 12:00 AM CST

Swiss Re Ltd. chief financial officer David Cole has said that the reinsurer is not looking for mergers and acquisitions deals in the reinsurance market, reported Reuters.

"It's not likely that we would be a major participant in industry consolidation or M&A (mergers and acquisitions) on the reinsurance side," said Mr. Cole. Meanwhile, Swiss Re registered an unexpected year-on-year increase in net profit in the third quarter of 2015 and said that it would launch a share buy-back program in November.