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Zurich announces completion of Lakeside Re II Ltd. catastrophe bond

News 28th December 2009

Zurich Financial has announced the completion of its $225m catastrophe bond, Lakeside Re II Ltd. The three year deal will protect its subsidiaries Zurich American Insurance Co. Ltd. and Zurich Insurance Co. Ltd. against potential claims from certain qualifying earthquakes across the state of California. The offering is said to have been oversubscribed although Zurich […]

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