A surge of reinsurance-to-close (RITC) deals is set to slash the number of open years at Lloyd’s, providing finality for third party investors including the legions of Lloyd’s Names who underwrote on the syndicates now effectively in run-off.
A surge of reinsurance-to-close (RITC) deals is set to slash the number of open years at Lloyd’s, providing finality for third party investors including the legions of Lloyd’s Names who underwrote on the syndicates now effectively in run-off.