Skiplink Navigation

Main Features

Swiss Re sets up joint credit insurance firm

Swiss Re: the world's second biggest reinsurance company


Swiss Re, the world's second-biggest reinsurance group, says its Dutch NSC credit insurance subsidiary is to merge with a unit of Germany's Gerling insurance group.

The deal, announced on Wednesday, will create a new company - Gerling NCM - with a global market share of 25 per cent and expected gross premiums of SFr1.68 billion ($1 billion).

Swiss Re, which has a 90 per cent stake in NCM, will receive an undisclosed amount in cash and shares from the transaction and will own 25 per cent of the new company. A stock market flotation is being planned.

Gerling is 70 per cent owned by Rolf Gerling with Deutsche Bank being the only other shareholder.

swissinfo with agencies


Neuer Inhalt

Horizontal Line

Survey Swiss Abroad

Survey: Keyboard and Hand close-up

Dear Swiss Abroad, tell us what you think

Survey Swiss Abroad

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters