Thursday, November 01, 2007

 

Conseco to Recapture Block of Traditional Life Policies

Conseco, Inc. , announced an agreement under which its Colonial Penn Life Insurance Company subsidiary ("Colonial Penn") will recapture a block of approximately $50 million of annualized traditional life insurance premium in force that had been ceded in 2002 to Reassure America Life Insurance Company ("REALIC"), an affiliate of Swiss Reinsurance Company.

Conseco to Recapture Block of Traditional Life Policies
Source: CNN/Money

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