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Current tag: foreign reinsurance agencies

Lloyd’s enters Florida’s reinsurance market on the heels of new law

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Written on:October 10, 2011
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Lloyd’s enters Florida’s reinsurance market on the heels of new law

Lloyd’s of London, one of the world’s leading insurance and reinsurance specialists, is entering Florida’s reinsurance market. The company joins several other reinsurance organizations flocking to the state to take advantage of a new law that reduces capital requirements for reinsurers. The law, first introduced in 2009 but only recently passed, is an attempt to attract more foreign reinsurance companies to do business in the state, thereby reinvigorating the somewhat…

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