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News & Media
14 | Jun | 2016

Pro Global first to file new company application under Rhode Island Insurance Regulation 68

Pro Global first to file new company application under Rhode Island Insurance Regulation 68

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Pro Global first to file new company application under Rhode Island Insurance Regulation 68

  • Ground-breaking new Rhode Island regulation 68 allows transfer of run-off portfolios for the first time in the US
  • Pro Global will create the first Rhode Island carrier formed specifically to accept run-off portfolios
  • Pro already has a pipeline of clients keen to be involved
  • Value of US business in run-off estimated to be as much as $100 billion
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