Swiss Re Sells Aurora Versicherungs AG to Compre Holdings Limited
Swiss Re has entered into an agreement with Compre Holdings Limited regarding the sale of Aurora Versicherungs AG, a Swiss insurance company in run-off with a portfolio of largely motor liability claims. The acquisition is subject to approval from the Swiss Financial Market Supervisory Authority.
Bär & Karrer acts as legal adviser to Swiss Re in this transaction. The Bär & Karrer team includes Thomas Reutter, Daniel Heiniger and Claudio Bazzi (all Corporate) and Peter Hsu and Daniel Flühmann (Insurance).