Swiss Re has been linked with a bid for General Electric Co's UK insurance unit GE Life.
According to reports earlier today, both Swiss Re and XL Capital Ltd are interested in acquiring the insurance operations.
Reports said General Electric re-opened bidding for the unit after the planned sale to South Africa's Sanlam fell through.
GE Life's embedded value - the total value of its insurance business - is estimated at £330-420m and offers are expected to reach £300-350m.
