Wednesday, December 28, 2005

 

Swiss Re completes securisation of life insurance policies worth $370M

Swiss Re said that following its first transaction in January this year, it has successfully completed another securitisation of future profits from a portfolio of US life insurance policies worth 370 mln usd. The Swiss reinsurer said that of the 370 mln usd in proceeds, 45 mln usd will go into a reserve fund and 325 mln usd will be paid as a ceding commission to the group.

One of Swiss Res strategic objectives is to increase the amount of insurance risk [made] available to capital market investors...

Forbes: Swiss Re completes securisation of life insurance policies worth 370 mln usd

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