The reinsurance group Swiss Re is selling its Liechtenstein subsidiary Elips Life to Swiss Life. At the same time, Swiss Life and Swiss Re are entering into a long-term partnership focused on employee pension solutions in Europe.

Swiss Re has agreed to sell its life insurance subsidiary Elips Life to Swiss Life International, further details of which can be found in a press release. Elips Life specializes in products covering the financial consequences of death and disability. In addition to its headquarters in Vaduz, Elips Life also operates several other locations across Europe.

The sale of Elips Life was additionally agreed within the framework of a new partnership between Swiss Re and Swiss Life. This will take the form of a long-term cooperation focused on European pension solutions. Within this partnership, Swiss Life will act as the primary insurer, while Swiss Re will concentrate on its reinsurance competencies.

“We are very pleased to have found the perfect partner in Swiss Life to take Elips Life into a successful future”, comments Andreas Berger, CEO of Swiss Re Corporate Solutions, in the press release, before adding: “At the same time, Swiss Re will keep exposure to an attractive risk pool via a long-term reinsurance partnership with Swiss Life”.

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