IUA supports new international reinsurance plans
Plans to cut collateral requirements for new policies written by international companies protecting US reinsurance risks will save billions of dollars and help provide better value cover for American businesses, the International Underwriting Association said today.
The IUA, along with other industry bodies, added it has long campaigned against existing rules that require non-US reinsurers to post collateral of 100% of gross liabilities assumed for American
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