SBLI Lines Up XXX Backing

Despite the turmoil in the investment markets, a life insurer has succeeded at funding more of its reserve requirements.

Savings Bank Life Insurance Company of Massachusetts, Woburn, Mass., has worked with a unit of Swiss Reinsurance Company, Zurich, to securitize up to $175 million in reserves needed to comply with the term life reserve requirements included in Regulation XXX.

SBLI Lines Up XXX Backing
Source: National Underwriter (subscription required)