Zurich disposes of UK subsidiary
Zurich has announced that one of its non-core subsidiaries in the UK, Zurich Specialties London, will transfer its run off insurance business to Swiss Re at book value.
The group added the transaction forms an integral part of Zurich's announced strategy to divest most of its non-core businesses to release and redeploy $1.5bn of capital.
Zurich said it expected that
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