Life insurance and related products, such as health and life cover, are important parts of the overall wealth management ecosphere.

Swiss Re, the international insurance and risk management group has confirmed it is considering a possible investment in its business involving China Pacific Insurance (Group), following recent media speculation about a possible transaction. 

Commenting late last week, the Zurich-listed group said: “Swiss Re confirms that it has been exploring a potential investment opportunity in a possible primary offering of CPIC's securities. No definitive agreement has been entered into between Swiss Re and CPIC. Any securities offering by CPIC remains subject to various contingencies, including CPIC's decision to proceed with any such offering.”

It added that it doesn’t intend currently to issue new shares or make treasury shares available to any potential investor.

A report by Bloomberg last week said that China Pacific Insurance (Group) Co was in talks to invest at least $2 billion for a stake in Swiss Re as part of a drive to build international partnerships. The story quoted unnamed sources.

Life insurance and related products, such as health and life cover, are important parts of the overall wealth management ecosphere, and of course HNW individuals’ own insurance needs for their possessions and business interests are significant drivers of insurance activity.