Swiss Re America and Kookmin complete $100mn LPT
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Swiss Re America and Kookmin complete $100mn LPT

Rachel Dalton
14 November 2023
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Swiss Reinsurance America Corporation has closed a loss portfolio transfer (LPT) with Kookmin Best Insurance Company (KBIC) involving $100mn in reserves for US commercial multi-peril and workers’ compensation business.

Howden Tiger advised Swiss Re on the deal. As part of the LPT, the reinsurer provided a ground-up limit of $155mn and has assumed claims handling responsibility.

The

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Rachel Dalton
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