Swiss Re completed the acquisition of Guardian Financial Services from Cinven for £1.6bn.

Swiss Re, a Swiss reinsurance company, completed the acquisition of Guardian Financial Services, the UK life insurance consolidation business, from Cinven, a global private equity firm for £1.6bn. "Guardian's impressive performance is testament to the hard work of its management team and staff and the support and vision of our shareholder, Cinven. Throughout Cinven's ownership, I have been impressed with the team's understanding of the financial services market, especially given the complex regulatory environment, and their ability to identify and execute highly value-accretive acquisitions," Ian Owen, Guardian Executive Chairman.