Scottish Re completes new deal
Scottish Re Group has announced that subject to finalization of customary treaty terms, it has completed a reinsurance transaction with an independent third party that will provide the Company with additional liquidity of up to $120m.
“On September 11, 2006, we announced our plans to raise between $150 million to $250m to reduce near term liquidity pressure under a combination of reinsurance arrangements and credit facilities,"
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