Friday, January 02, 2009

 

Phoenix Cos., Swiss Re unit in reinsurance deal

Insurance and investment provider Phoenix Companies Inc. said Wednesday it struck a reinsurance deal as part of an effort to improve its capital position.

Details of the deal with Reassure America Life Insurance Co., a unit of Swiss Re, were not disclosed. The deal was for a group of life insurance policies, Phoenix said in a release.

Forbes: Phoenix Cos., Swiss Re unit in reinsurance deal

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