October 9, 2019 / 8:14 PM / 10 days ago

MEDIA-Credit Mutuel Arkea to recapitalise its life insurance unit -Les Echos

** France’s Credit Mutuel Arkea has recapitalised its life insurance unit Suravenir for a total of 540 million euros ($592 million), French daily Les Echos reported.

** The paper said that negative interest rates are threatening the business model of life insurance companies.

Note: Reuters has not verified this story and does not vouch for its accuracy

$1 = 0.9114 euros Reporting by Paris Newsroom, Editing by Rosalba O'Brien

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