reduced collateral News

Florida has added its first reinsurer from the United Kingdom to a list of reinsurers taking advantage of a state law that reduces reinsurers’ capital requirements. In an effort to attract more private capital to the state, lawmakers in 2009 …

Florida has added another company to its growing list of reinsurers that are taking advantage of a state law that allows it to reduce its capital requirement. Arch Reinsurance Limited, a Bermuda-based reinsurer, received Florida Office of Insurance Regulation approval, …