Swiss Re announced that its London-based subsidiary, Conning Asset Management (Europe) Limited, has been appointed to manage the EUR125 million ($195.3 million) post-2012 Carbon Credit Fund.

The Zurich-based reinsurers said the fund is currently investing in the carbon credits produced by so-called “post-Kyoto” projects. The Kyoto protocol is set to expire at the end of 2012.

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