Admiral extends Munich Re US reinsurance agreement

January 20th, 2010 admin

Motor insurer, Admiral, has announced that its reinsurance agreement with Munich Re for its new car insurance operation in the US (Elephant Insurance) has been extended. Alongside the agreement, Hannover Re will take one-third of the group’s US risk and Admiral will retain the final third. The company has also extended its long-term coinsurance and reinsurance contract with Munich Re


Originally posted on InsuranceDaily

 
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