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Investment bank sets up insurer

first captive insurer based in Bermuda.The captive is managed by Willis Management (Bermuda), Boston Re will underwrite loans and security offerings from borrowers and will be placing up to $2 billion of treaty reinsurance.

first captive insurer based in Bermuda.

The captive is managed by Willis Management (Bermuda), Boston Re will underwrite loans and security offerings from borrowers and will be placing up to $2 billion of treaty reinsurance.