Swiss Re Completes Acquisition of Conning Corp.

Swiss Re announced that it had completed the acquisition of MetLife subsidiary Conning Corporation as per the agreement reached last April. The terms of the transaction were not disclosed.

Conning, which specializes “in asset management for insurance company investment portfolios, private equity, institutional research and mortgage loan services to financial service companies,” will significantly strengthen Swiss Re’s asset management portfolio.

It also acquires Conning’s highly respected research unit, which it plans to merge with its investment banking subsidiary Fox-Pitt, Kelton.