Swiss Re will stay in GCI market

Swiss Re Life & Health has written to clients informing them of the completion of the deal and has confirmed all GEI’s lines of business will stay open, including guaranteed critical illness (CI). It is not yet known whether the company will write new guaranteed CI business, but Tim Dickenson, head of communications for UK, Ireland and Africa at Swiss Re, says it will continue to monitor the performance of all business on an ongoing basis, and will continue to write new guaranteed CI business where it already has arrangements in place. Swiss Re pulled out of the guaranteed CI reinsurance...