Conseco to Divest Old Block of Fixed and Equity-Indexed Annuities

Conseco to Divest Old Block of Fixed and Equity-Indexed Annuities

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Conseco, Inc., today announced agreements under which three insurance companies in its Conseco Insurance Group unit will coinsure, with an effective date of Jan. 1, 2007, most of their older inforce equity-indexed annuity and fixed annuity business with Reassure America Life Insurance Company ("REALIC"), a subsidiary of Swiss Re Life & Health America Inc.

Conseco to Divest Old Block of Fixed and Equity-Indexed Annuities
Source: PR Newswire

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