Fleming Re: Innovative Facility For BevCap
Fleming Reinsurance Ltd. announced the creation of a custom reinsurance facility with BevCap P&C Protected Cell, Inc, with the facility aiming to provide “BevCap’s members the ability to eliminate seasoned risks by providing full economic and legal finality and on an annual basis.” A spokesperson said, “The facility provides BevCap’s members the ability to eliminate seasoned risks by providing full economic and legal finality and on an annual basis. Within a single flexible structure, the facility provides for annual recurring novations under a clearly defined mechanism that provide...
Source: bernews.com