NU Online News Service, June 21, 1:40 p.m. EDT
Global reinsurers and their bondholders are poised to benefit as more U.S. jurisdictions look to follow Florida's lead on easing global reinsurers' collateral requirements, according to a Moody's Investors Service analysis.
On June 17, XL Re Ltd. became the second reinsurer, and first from Bermuda, to reach an agreement with the Florida Office of Insurance Regulation (OIR) to operate in the state without having to put up 100 percent collateral.
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