Pool Re’s proposals to convert its reinsurance arrangements from the current facultative obligatory treaty to an annual aggregate catastrophe excess of loss treaty will take effect in April 2025.
The insurance broker says that the facility provides up to US $825 million in insurance capacity and will support organisations with digital assets held offline
The state licensed 25 new captives and 66 new cells last year, bringing the total to 164 captives and 555 cells, according to data from the Tennessee Department of Commerce and Insurance’s (TDCI’s) Captive Insurance Section.