Swiss Re puts off $4 billion ReAssure IPO amid weak demand

ZURICH (Reuters) - Reinsurance group Swiss Re has suspended plans for a $4.1 billion (£3.3 billion) initial public offering (IPO) of British life insurer ReAssure, which was set to start trading in London on Thursday, citing weak demand from institutional investors.The cancellation comes as global share listings hit their lowest level in three years in the first six months, with a prolonged slowdown in Europe.Listings that did go ahead, such as Volkswagen's truckmaker Traton , were cut in..