collateral requirements News

Alterra Capital Holdings Limited announced that the State of New York Insurance Department has approved Alterra Bermuda Limited “as an eligible reinsurer for reduced collateral status, which allows lower collateral requirements for non-domestic reinsurers that are highly rated and financially …

A tenth reinsurer –and ninth from Bermuda– is taking advantage of a Florida law that allows it to post a lower collateral amount while still conducting business in the state. Florida regulators announced that Montpelier Reinsurance Ltd. has been authorized …