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July 28, 1998 | From Bloomberg News
Swiss Reinsurance Co., the world's second-largest reinsurer, agreed to pay $1.8 billion for Life Re Corp. to expand its U.S. life and health business, the companies said Monday. Zurich-based Swiss Re said it will pay $95 a share for Life Re, whose revenue was about $646 million last year. The price is a premium of 6.7% to Life Re's closing price Friday, when shares of the Stamford, Conn.-based company rose 5.1%.
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BUSINESS
July 28, 1998 | From Bloomberg News
Swiss Reinsurance Co., the world's second-largest reinsurer, agreed to pay $1.8 billion for Life Re Corp. to expand its U.S. life and health business, the companies said Monday. Zurich-based Swiss Re said it will pay $95 a share for Life Re, whose revenue was about $646 million last year. The price is a premium of 6.7% to Life Re's closing price Friday, when shares of the Stamford, Conn.-based company rose 5.1%.
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BUSINESS
June 30, 1999 | Liz Pulliam
Three top SunAmerica Inc. executives received $120 million in compensation last year and ranked among the six highest-paid insurance executives nationally, according to a survey by the Insurance Forum, an industry newsletter. Los Angeles-based SunAmerica was merged into American International Group Inc. on Jan. 1. AIG Chairman Maurice R. Greenberg was the seventh-highest-paid executive last year, with a total compensation of $21.5 million, the newsletter said. Editor Joseph M.
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