Ashmere Insurance Company

Inadequate reinsurance pushes Ashmere Insurance into voluntary run-off

30th August 2018

Small, Florida-based insurer, Ashmere Insurance Company (AIC), has placed itself into voluntary run-off after learning on the 1st of June, 2018 that it could not renew its reinsurance treaties. Absent adequate reinsurance protection, the insurer placed itself into run-off by ceasing to write new business or renew expiring policies. The company, which ... Read the full article