Income from fees is derived from four distinct business segments, Program Business, Corporate Risk Management, Specialty Brokerage and Financial Services. Program Business involves the Company replacing traditional insurers as the conduit between producers of specialty books of business and reinsurers wishing to write that business. Corporate Risk Management involves providing services to businesses and associations seeking to insure a portion of their risk in a loss-sensitive alternative market structure. Specialty Brokerage specializes in placing reinsurance for captive insurance companies. The Financial Services segment provides administrative services to offshore mutual funds and other companies.
Revenues reflect an increase in premiums wirtten and mutual fund assets.
Earnings were partially offset by a higher loss ratio and personnel costs. All Rights Reserved. Privacy Policy - Terms of Service Company information Copyright Market Guide . Data and information is provided for informational purposes only, and is not intended for trading purposes.