Swiss Re completed the acquisition of a minority stake in Verily from Granular Insurance.

Swiss Re, a provider of reinsurance, insurance and other forms of insurance-based risk transfer and solutions, completed the acquisition of a minority stake in Verily, a life science research organization, from Granular Insurance, a provider of precision risk solutions to self-funded employer. Financial terms were not disclosed. “We are pleased to broaden our strategic relationship with Verily. Our positive experience collaborating with Verily over the last two years has given us confidence in expanding the relationship towards potential new areas of innovation in the life and health space,” Christian Mumenthaler, Swiss Re CEO.