Brit claims 75% contract certainty achieved
Brit Insurance said today it achieved contract certainty on over 75% of its January 1, 2006 outwards reinsurance placements, so significantly exceeding the current target of 30%. The insurer claimed this was measured in accordance with the Market Reform Group's guidelines.
All terms including contract wordings and signed line confirmations were completed for the remainder by January 12, 2006. Brit’s high levels of contract certainty were reached despite extensive pre
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