NEW YORK (Reuters) - Bermuda's Scottish Re Group said late yesterday it had in excess of $500 million of available liquidity between itself and its subsidiary as of June 30, amid concerns about its subprime exposure.

Scottish Re said the $500 million is in excess of liquidity held by its insurance operating subsidiaries.

It also said total invested assets within its three securitization structures exceeded statutory reserves covered by these structures by about $1.4 billion as of June 30.