Despite the turmoil in the investment markets, a life insurer has succeeded at funding more of its reserve requirements.

Savings Bank Life Insurance Company of Massachusetts, Woburn, Mass., has worked with a unit of Swiss Reinsurance Company, Zurich, to securitize up to $175 million in reserves needed to comply with the term life reserve requirements included in Regulation XXX.

The arrangement is an extension of SBLI’s existing relationship with Swiss Re, Swiss Re says.

SBLI was established in 1907 and conceived by U.S. Supreme Court Justice Louis Brandeis. It is licensed in 18 states and the District of Columbia.