ZURICH Switzerland AP Swiss Re the world's second biggest life and health reinsurer has acquired Life Re Corp. of the United States for about dlrs 1.8 billion the company said Tuesday. Life Re will be incorporated into Swiss Re Life and Health America Inc. thus strengthening the group's position in the United States and saving about dlrs 30 million per year. Life Re stockholders will receive dlrs 95 in cash for each share of Life Re common stock. UR; dj-cn APW19981201.0657.txt.body.html APW19981201.1092.txt.body.html