The agreement comes after Aon's 2024 purchase of NFP and “establishes the premier platform in the large and growing US middle-market segment”, the insurer said.
Under the terms of the transaction, InsureMyTrip will maintain its existing branding and continue catering to customers through its established carrier network.
Chariot Re said the new capital will help it scale its life and annuity reinsurance business and pursue a growing pipeline of diversified opportunities.
The insurer said the cuts would be divided approximately evenly between Swiss Life's Swiss operations and Swiss Life Asset Managers, with the latter concentrated overseas.
