Swiss Re has completed its acquisition of Lincoln Re, the reinsurance operation of US-based Lincoln National Corporation.

The companies had agreed, on 30 July, that Swiss Re would pay $2bn (£1.4bn) for Lincoln Re.

The chairman of Swiss Re Life & Health, Jacques Dubois, said: "The completion of this transaction strengthens Swiss Re's leadership position in the US life and health reinsurance market, broadens our client base and underscores our expertise in risk and capital management."

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