Collateralized reinsurance
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The program’s total limit this year is down $594mn to $1.36bn.
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The documents figure in a potential criminal case against a CCB employee.
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Live since May 2023, the reinsurer has over 40 trading relationships currently.
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The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.