Swiss Re suspends share buy-back programme as nat cats bite
Swiss Re has cancelled a share buy-back programme, following a hit from natural catastrophes, capital deployment and the suspension of Reassure's initial public offering.
The buy-back programme had intended to follow the first tranche of a public share buy-back programme, launched in May, of up to CHF1bn (£782m) purchase value.
The first tranche remains “well on track
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