NU Online News Service, Jan. 3, 2:46 p.m. EST

Add Bermuda's Renaissance Reinsurance Ltd. to the list of foreign reinsurers taking advantage of Florida's reduced collateral requirements.

Seven reinsurers now operate in Florida under the modified terms passed by lawmakers in 2007 for companies based outside of the United States that are financially sound, according to the state Office of Insurance Regulation.

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