Glacier Re ups capital by a further $50m
Swiss-based reinsurer Glacier Re has announced that it has issued $34m and €14m ($16.5m) of subordinated notes to boost its capirtal base for 2006.
The company said both the US dollar and Euro denominated issues are floating rate unsecured subordinated notes due in 2035 and are designed to constitute part of Glacier Re’s permanent underwriting
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