Channel Re Starts Up With $366 Million

NU Online News Service, Feb. 17, 4:09 p.m. EST? Channel Reinsurance Ltd., a new financial guarantee reinsurer based in Bermuda, has been formed with equity capital of approximately $366 million and a positive assessment from two rating firms, it was announced. [@@]

Moody's Investors Service rated the new venture Aaa and Standard & Poor's Ratings Services tagged it "AAA."

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