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, after reporting it had capital and surplus of $4.26 billion and the necessary ratings.
Arch Re joins a list that includes the following: Alterra Bermuda Limited, Montpelier Reinsurance Limited, Tokio Millennium Re, subsidiary of Tokio Marine & Nichido Fire Insurance., Ltd., Renaissance Reinsurance, Partner Reinsurance, Hiscox Insurance Company, Ace Tempest Reinsurance, XL Re Ltd., Hannover Re (Bermuda) and Hannover Re (Germany) and Allied World Assurance Co. LTD.
Topics Florida Reinsurance
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