Zurich/Rome — Swiss Re says it will continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group ended its pursuit of a stake in the world’s second-largest reinsurer. The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re, though the two companies may yet agree to collaborate on some businesses. A purchase of a stake would have given the Japanese technology and investment company access to steady cash flows and help diversify its sources of income. "We are still on very friendly terms — it wasn’t a sour end to the talks," Swiss Re spokesman Willy-Andreas Heckmann said on Monday. The Zurich-based reinsurer is still open to "interesting anchor shareholders", Heckmann said. He declined to say whether Swiss Re is in discussions with other potential investors. The two sides had disagreed over the price and size of the stake and over how much management control would be handed to Son, people with knowledge of the ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now