However, expected losses will reduce near-term earnings
41 new captive insurance firms were licensed in 2024
Merit will operate under Knighthead Life brand
The programs cost $500 million
It serves as a Category 4 commercial general reinsurer in Guernsey
It builds from the first strategy covered from July 2020 to December 2023
The rebrand follows the acquisition of Protecta
Demand only rose by 5%
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