Equitas
What is Equitas? Equitas is going to be a U.K. reinsurance company
- The idea is that good and bad business, regardless of quality, written at Lloyd's in 1992 and prior will have to be reinsured to close and to Equitas. You don't have a choice. If you're sitting on a very profitable long-tail book of business from 1992 and prior, and you would like to keep that, it will go into Equitas along with the bad business.