Life re agrees to be bought by Swiss Re

Article Abstract:

Life Re Corp., based in Stamford, CT, will be acquired by the Swiss Reinsurance Co., the Zurich-based second-largest reinsurance company in the world, for $1.8 billion in cash. Industry analysts said that the deal is part of a trend in the consolidation of the reinsurance industry, which is typified by capital-rich European reinsurance reinsurance companies who are targeting American companies for acquisition. The transaction, once approved by regulators, will broaden Swiss Re's American holdings.

Comment:

Will acquire Life Re Corp., based in Stamford, CT, for $1.8 billion in cash

Asset sales & divestitures, Acquisitions & mergers, Switzerland, Company Planning/Goals, Reinsurance, Reinsurance Carriers, Swiss Reinsurance Co., Article, Life Re Corp.

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Nasdaq again sets record on strength in technology

Article Abstract:

The Nasdaq Composite Index closed at 3,658.17, fueled by technology stocks. The index has soared 66.8% this year spurring heavy trade, which was 1.55 billion shares yesterday. However, the Dow Jones Industrial Average, Standard & Poor's 500 slipped while the small company-Russell 2000 index climbed. Qualcommm and Wal-Mart Stores had gains while Oracle's stock fell. Since the federal government has made attempts to set drug prices, pharmaceutical stocks have been falling.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities prices, Misc Stock Exchanges, Statistical Data Included, Forecasts and trends, Stock exchanges, Statistics, Market trend/market analysis, Nasdaq Composite Index (Index), Standard and Poor's 500-Stock Price Index (Index), Dow Jones Industrial Average (Index), Russell 2000 Index (Index)

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