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Credit Suisse pension fund puts run-off cost of Humboldt at CHF20mn-CHF25mn

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Credit Suisse’s pension fund has said it expects to incur CHF20mn-CHF25mn ($22mn-$27mn) of operating costs from ILS-backed reinsurer Humboldt Re in its first year of run-off, as it seeks to sell the reinsurer “en bloc”.

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