Swiss Re says in talks to buy stake in insurer China Pacific

The Swiss Re Insurance building, also known as “the Gherkin”, foreground, and the towers of the Canary Wharf business district are seen against the city skyline in London, U.K. Photographer: Jason Alden

Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company’s securities, the Swiss re-insurer said on Wednesday.

Swiss Re declined to comment on a separate report that China Pacific was planning to take a stake in the Zurich-based company, but said it was not planning to issue shares or make treasury shares available to any potential investor.

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