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longevity risk derivative


Axis Capital expecting $136m loss from longevity risk derivative

16th October 2009

Axis Capital, the Bermudian reinsurer, has announced in its preliminary third-quarter results that it expects to lose around $136m due to a longevity risk derivative contract. The final loss will be unveiled in the reinsurers official third-quarter results filing. The derivative contract doesn’t expire until 2017 but Axis will have to carry those losses on […]

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