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

Mapfre returns to selective growth Q2; margin beats target range

24 July 2026 Reinsurance rebounds from a steep Q1 contraction, but management talks caution.

The Hartford sees business combined ratio deteriorate to 91.4% in Q2

24 July 2026 This despite business insurance written premiums growing by 5%.

Dropping commercial insurance rates hit hardest across Middle East, India and Africa

24 July 2026 IMEA leads the charge in plunging property, casualty and cyber rates.

More articles

Cat bond market leaps ahead: investors drive another record first half

RenaissanceRe grows property cat limit by $600m, sees rates as ‘adequate’

Mapfre returns to selective growth Q2; margin beats target range

The Hartford sees business combined ratio deteriorate to 91.4% in Q2

Dropping commercial insurance rates hit hardest across Middle East, India and Africa

Mapfre bets $1.54bn on a bigger US insurance growth story

Record US tornado activity fails to drive H1 SCS losses higher: Aon

Commercial property competition and rates hurt Kinsale premium in Q2

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