NMPIP: Grant Advisory Board the Power to Enter into Investment and Retrocession Agreement with Cover Re.

27 Nov 2023, 15:36
NMPIP: Grant Advisory Board the Power to Enter into Investment and Retrocession Agreement with Cover Re @HughKarp has proposed the Mutual enter into an investment and retrocession agreement with Re. Proposal TL;DR 👇

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2
NXM
NXMNXM #217
Twitter
27 Nov 2023, 15:36
Be sure to review and comment on the Nexus Mutual governance forum!
Be sure to review and comment on the Nexus Mutual governance forum.
Be sure to review and comment on the Nexus Mutual governance forum!
NXM
NXMNXM #217
Twitter
27 Nov 2023, 15:36
In order to access this deal, Re must obtain approval by CIMA, as the Mutual is not a licensed insurer/reinsurer. In combination, the 2 requirements outlined below essentially reduce/remove the credit risk associated with Re interacting with Nexus Mutual’s discretionary cover 👇
In order to access this deal, Re must obtain approval by CIMA, as the Mutual is not a licensed insurer/reinsurer.
In order to access this deal, Re must obtain approval by CIMA, as the Mutual is not a licensed insurer/reinsurer. In combination, the 2 requirements outlined below essentially reduce/remove the credit risk associated with Re interacting with Nexus Mutual’s discretionary cover 👇