Insurance Age

Swiss Life evaluations.

Specialist protection provider Swiss Life has closed to new individual business and is currently ev...

Specialist protection provider Swiss Life has closed to new
individual business and is currently evaluating its group business
account. The company estimates 200 jobs will be lost as a result of
closing its individual business book and has only guaranteed its group
business until mid-August.
Swiss Life Group announced in September 2002 that Swiss Life (UK) is no
longer part of its core business. Negotiations to sell the business as a
whole have so far been unsuccessful.

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