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News round-up - Equitas unveils deal.

Europe Intelligence Wire

| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Equitas and Centre Group, a subsidiary of Zurich Financial Services, have announced an agreement to commute policies purchased from Centre by Lloyd's syndicates reinsured by Equitas. As a result of the agreement, Centre paid Equitas $547m on 3 February.

Just under $500m of the payments are in respect of financial reinsurance purchased by reinsured ...

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