Swiss Re completes 1 billion franc share buyback
ZURICH (Reuters) - Swiss Re <SRENH.S> has completed its 1 billion Swiss franc (771.71 million pounds) share buyback, the reinsurer said on Monday, finishing a programme launched last year.
The Zurich-based company said it had bought 11.2 million shares, equivalent to 3.21 percent of its outstanding shares, at an average price of 89.17 francs per share.
The buy-back was established to return capital to shareholders, said the company, which is due to report its full-year earnings on Thursday.
(Reporting by John Revill,; Editing by Tassilo Hummel)