(Bloomberg) -- Swiss Re Ltd. is considering selling Aurora National Life Assurance Co. as it retreats from the U.S. life and health insurancemarket, people familiar with the matter said.

The world’s second-largest reinsurer is working with Barclays Plc to find buyers for Aurora National and some other U.S. assets, two people said, who asked not to be identified because the matter isn’t public. The sale could raise more than $400 million, one person said.

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