April 29 (Reuters) - Freedom Insurance Group Ltd FIG.AX :
* EXECUTED AN ADMINISTRATION SERVICES TRANSITION AND SETTLEMENT DEED WITH SWISS RE LIFE & HEALTH AUSTRALIA
* EXECUTED TRANSITION AGREEMENT IN RELATION TO TRANSITION OF ITS POLICY ADMINISTRATION SERVICES
* FREEDOM INSURANCE GROUP - REAFFIRMS INTENTION TO EXIT SPECTRUM WEALTH MANAGEMENT POST COMPLETION OF TRANSFER OF ITS POLICY ADMINISTRATION SERVICES
* BOARD INTENDS TO RETURN EXCESS FUNDS TO SHAREHOLDERS
* FREEDOM INSURANCE GROUP - FREEDOM WILL NO LONGER RECEIVE ANY FUTURE TRAIL COMMISSIONS, OTHER REVENUE FROM NOBLEOAK, AIA AUSTRALIA OR SWISS RE
* FREEDOM INSURANCE GROUP - SWISS RE WILL PAY CO NET SETTLEMENT CONSIDERATION OF $5.0 MILLION ON COMPLETION OF TRANSITION OF POLICY ADMINISTRATION SERVICES