Swiss Re completes FPK sale
Swiss Re has completed the sale of its wholly owned subsidiary Fox-Pitt, Kelton (FPK) to an investor group led by J.C. Flowers and by FPK management. Swiss Re will hold a minority interest in the new company.
The transaction, which was announced on 10 February 2006, received regulatory approval and closed on 28 June 2006. 180 employees will join the new company.
"FPK was instrumental in building Swiss Re's
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