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The insurance protects banks from events like rogue trading, cyber threats and accounting errors. (AP Photo)

(Bloomberg) – Zurich Insurance Group AG, Switzerland’s largest insurer, may increase its offering of insurance that helps protect banks from catastrophic losses like rogue trading by sharing risk with investors.

The first such product, which covered Credit Suisse AG, last month sold 220 million Swiss francs ($228 million) of similar notes underpinned by a policy with Zurich. That was short of its original target of 630 million francs.

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