Florida $4bn premium ‘nationalisation’ piles pressure on Bermudians
Shares in Bermudian reinsurers took a sharp hit on Monday 22nd January in the US as the markets digested the impact of a new Florida Hurricane Catastrophe Fund deal hammered out over the preceding weekend.
Shares in benchmark Cat writer Renaissance Re fell back 5% on the previous day’s close, whilst London-quoted Lloyd’s vehicles with significant stakes in Bermudian reinsurance operations followed the
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