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Swiss Re completes CHF1B share buyback

Swiss Re AG completed its share repurchase program of up to CHF1 billion, it said.

During the program, launched Nov. 3, 2017, Swiss Re repurchased 10,832,816 shares for a total value of CHF1.00 billion at an average price of CHF92.31 per share. The buyback, which was part of the reinsurer's objective to return capital to its shareholders, was completed Feb. 16, Swiss Re said.