Swiss Reinsurance Settles With KeyCorp For $279M

Law360, New York (February 21, 2007, 12:00 AM EST) -- Putting an end to years of legal wrangling, Swiss Reinsurance America Corp. is set to fork over $279 million to settle an insurance lawsuit with financial services company KeyCorp.

The Cleveland-based KeyCorp revealed the settlement in a filing with the U.S. Securities and Exchange Commission on Tuesday.

KeyCorp said in the filing that it had reached the deal with the New York-based Swiss Reinsurance – which is the United States property and casualty reinsurance branch of Zurich, Switzerland-based reinsurance giant Swiss Reinsurance, one of the world's...
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