Deal worth US$17 million retroactive to July 1
Optimum Re Insurance Company has reached agreeemnt with Generali USA Life Reassurance for a reinsurance portfolio of 129 client insurers, retroactive to July 1, the company announced today.
Under this deal, worth US$17 million in annual premiums, Optimum Re will perform all underwriting, administration, claims and reinsurance treaty management services.
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