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Swiss Re unit closes acquisition of Generation Life Insurance

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Swiss Re unit closes acquisition of Generation Life Insurance

IPTIQ Americas Inc. completed its acquisition of Generation Life Insurance Co. on Oct. 3

It purchased all 25,000 shares of outstanding common stock of Generation Life from Tennessee Farmers Life Insurance Co. and Tennessee Farmers Assurance Co., according to a quarterly statement as of Sept. 30.

IPTIQ Americas is a wholly owned subsidiary of Swiss Re Ltd. and offers term life, whole of life, critical illnesses and disability insurance.