Swiss Life Sells French Transport Insurer To Helvetia

Swiss Life Holding AG (SLHN.VX) Wednesday said it will sell its French transport insurance subsidiary L'Europeenne d'Assurance Transport, or CEAT, to Swiss competitor Helvetia Holding AG (HELN.EB) for an undisclosed sum.

Although the size of the deal is relatively small - the unit generated a premium volume of about EUR30 million in 2008 - the move reflects Swiss Life's efforts to continue to focus on its life insurance business...

CNN Money: Swiss Life Sells French Transport Insurer To Helvetia
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