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Swiss Re bond lets investors bet on pandemics

Swiss Reinsurance Co. Ltd. last week introduced a $75 million catastrophe bond that covers extreme mortality risks.

Swiss Reinsurance Co. Ltd. last week introduced a $75 million catastrophe bond that covers extreme mortality risks.

The offering, which was sold through a private placement, guards against unexpectedly high mortality rates in the United States and the United Kingdom for five years.

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