NU Online News Service, March 28, 1:25 p.m. EDT

Zurich-based reinsurer Swiss Re says its subsidiary Swiss Re Capital Markets has placed a $200 million insurance-linked security with the capital markets that has the unique feature of covering the reinsurance exposures of two carriers.

Announced earlier this week, the multi-peril catastrophe risk vehicle named Combine Re incorporates the risk of reinsured parties COUNTRY Mutual Insurance Company of Bloomington, Ill., and North Carolina Farm Bureau Mutual Insurance Company, Inc., of Raleigh, N.C.

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