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Kuvare Holdings creates reinsurer

KuvareHoldings LP formed a new reinsurer, Kuvare Life Re Ltd., and announced the executionof a closed-block reinsurance transaction.

KuvareLife Re's initial reinsurance transaction includes a portfolio of fixed annuityproducts from an insurance company.

Appleby(Bermuda) Ltd. and Sidley Austin LLP served as legal counsel for Kuvare Life Re'sestablishment and initial reinsurance transaction.

KuvareHoldings recently completedits acquisition ofGuaranty Income Life Insurance Co.