INSURANCE - Los Angeles Times
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INSURANCE

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Credit Suisse Group plans to sell its reinsurance arm to PartnerRe Ltd., a Bermuda-based reinsurer, for $786 million as Switzerland’s second-largest bank exits the business of assuming risk for insurance companies. Credit Suisse’s Winterthur Insurance Co. has assets of more than $3 billion and had gross premiums of $837 million last year.

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