Slaughter and May and Link-laters have advised on General Electric's (GE's) £465m sale of its UK life and pensions companies to Swiss Re.

Slaughters advised consumer products giant GE on the deal, which is expected to reach completion by the end of 2006 and sees reinsurance and financial services group Swiss Re take on the GE Life brand.

Slaughters corporate partner Oliver Wareham led on the deal, along with fellow corporate partner John Papanichola, tax partner Steve Edge and competition partner William Sibree.