reinsurer

SCDOI Orders Atlantic Coast Life and its Reinsurer to Cease Writing in the State – Go Health Pro

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SCDOI Orders Atlantic Coast Life and its Reinsurer to Cease Writing in the State – Go Health Pro

South Carolina regulators have ordered Atlantic Coast Life Insurance and its captive reinsurer, Southern Atlantic Re, to stop writing new policies by Tuesday, Dec. 31. The carriers also were ordered to notify all producers about the cease-and-desist directive from the South Carolina Department of Insurance. “We are publishing these orders today as part of our … Read more

White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

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White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its California homeowners managing general agent (MGA) Bamboo.Back in 2020, White Mountains Insurance Group entered into an agreement to acquire a majority stake in Bamboo, an MGA platform and provider of homeowners’ … Read more

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