Bankers Trust Corp. said this week that it would sell majority control of its insurance product unit to RR Holding Co., a Swiss holding company established by Kohlberg Kravis & Roberts, a New York buyout firm.

Bankers Trust, better known for its investment banking and asset management services, would retain an undisclosed minority stake in the business, which would become part of RR Holding's Rhine Reinsurance Co. of Basel, Switzerland, and Hamilton, Bermuda.

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