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CNO units cut agreements with Beechwood due to Platinum exposure

NEW YORK, Sept 29 (Reuters) – CNO Financial Group Inc
on Thursday said that two of its subsidiaries were
terminating agreements with reinsurer Beechwood Re, after
regulators in two states said that many assets managed by
Beechwood were not compliant with insurance company guidelines
because of exposure to troubled hedge fund manager Platinum
Partners.

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