Brit declares contract certainty targets surpassed
Brit Insurance the UK-domiciled international general insurer and reinsurer has confirmed that, as measured by the Market Reform Group’s strict definition, it achieved 100% contract certainty by December 31, 2006 on its January 1, 2007 outwards non-proportional reinsurance placements.
This significantly exceeds the MRG’s target of at least 85% certainty, by the end of 2006, on business transacted. Twenty core programmes were placed, comprising 81 layers, using 12 broking houses and
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