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December 10, 2004
Swiss Life quits British market
The exit from the British market is being seen as one of the last major steps in Swiss Life’s ongoing restructuring program. Switzerland’s largest life insurer said there would be a one-off charge of around £56 million against its 2004 earnings.
But it added that the sale would free up £180 million in loans deployed in its British operations.
But it added that the sale would free up £180 million in loans deployed in its British operations.
Posted by Tom Troceen