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Axa first primary insurer to securitise life Catastrophe covers

Swiss Re as announced that it has placed securities worth $442m to covering catastrophic mortality experience in France, Japan and the United States for the benefit of Axa.

Swiss Re said it arranged the securitsation for Axa and acted as the global coordinator for the offering.

The notes, were issued by Osiris Capital Plc, the catastrophic mortality experience covered by

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