5 March 2013Insurance

Citizens ‘takeout’ deal could become template

Senior executives at JLT Reinsurance (North America) believe a structure used in a recent deal that helped Citizens Property Insurance Company, Florida’s residual insurance company, transfer 31,000 policies to a new company and reduce its exposure by some $30 billion in the process could lead to similar deals in the future and opportunities for JLT Re as a result.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Chubb, Fidelis set back on bid for quick Russia aircraft recoup

15 May 2026 Contingent war risk carriers sound right, but have a place closer to the back of the line.

Markel expands professional liability with media and entertainment coverage

15 May 2026 Combined policy now for professional liability, cyber, media and general liability.

Lloyd’s warns syndicates on happy-go-lucky downhill market ride

15 May 2026 The pace of rate decline looks ‘a little brutal’, top-line pressures too palpable.

More articles

Chubb, Fidelis set back on bid for quick Russia aircraft recoup

US transportation reinsurance to tighten, rates to rise after landmark Supreme Court ruling

Well-behaved UK buyers benefit from soft pricing across the board: Gallagher

Moody’s executive James Eck dies unexpectedly aged 55

Iran war impact won’t touch Lloyd’s of London £50bn capital reserves, says Turk

Marine war, systemic cyber, a widening gap between lead and follow: Pelagos

Markel expands professional liability with media and entertainment coverage

Lloyd’s warns syndicates on happy-go-lucky downhill market ride

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze