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November 22, 2004
Swiss Re fields regulatory inquiries
Zurich-based Swiss Re said it may receive similar requests from other regulators and government agencies and will cooperate with all inquiries.
Nontraditional insurance -- also known as "loss mitigation" or "finite" insurance and reinsurance -- is purchased by companies looking to protect themselves against the financial impact of future liabilities. The agreements generally have a cap on the losses that they cover.
Posted by Tom Troceen