Market	Type	Industry	Raised	Date
AIM	Acquisition	Investment Companies	£5m	Nov 2009

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CEO: David Vaughan

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Tawa plc, the UK listed run-off investor, announces that following receipt of FSA approval, it has today, 20 November 2009, completed its acquisition of the PRO Group companies comprising PRO Insurance Solutions Ltd, PRO IS, Inc and Participant Run-off (PRO) Iberica, SLU from Swiss Reinsurance Group.

The final initial cash consideration is £5 million. Deferred cash consideration of up to £12 million is dependent on PRO's earnings over the five years to 31 December 2014. Prior to completion, Swiss Re received dividends of £20.9 million from the PRO companies.

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