Swiss Re In $75 Million US, UK Mortality Risk Insurance Deal
Vita, in turn, has issued notes linked to this risk and sold them in a private placement.
The Zurich-based company said this securitization deal follows similar ones in recent years, which have allowed it to get more than $1.4 billion in protection for what is known as "extreme mortality risk."
The latest agreement covers a five-year risk period ending in 2014, Swiss Re said.
Swiss Re and other reinsurance companies act as insurers for primary insurance companies. Vita is a Cayman Islands exempted company financed through the offering of insurance-linked securities.
Company Web Site: http://www.swissre.com
-By Anita Greil, Dow Jones Newswires; +41 43 443 8044 ; anita.greil@dowjones.com
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Publié le 24 novembre 2009 Copyright © 2009 Dowjones
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