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Swiss-based reinsurer Glacier Re's portfolio of business has been placed into run-off with immediate effect, having failed to find a buyer despite being up for sale for some time.

As previously predicted by Inside FAC, the Swiss company did manage to sell its direct and facultative (D&F) arm, Glacier Insurance, to expansive Bermudian (re)insurer Torus in May for an undisclosed sum.

However, it has been unsuccessful in striking a similar deal for its treaty business and legacy liabilities, which our...

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• Article
  Glacier Re enters run-off
• Issue
  August 2010/2
• Subscription
  Inside FAC