The Judea Insurance Company, Ltd., announced the signing of a re-insurance treaty between the Judea Insurance Company, Ltd. and the Swiss Reinsurance Company of Zurich, according to which the Judea is empowered to write larger insurance policies, which in turn will be reinsured by the Swiss Reinsurance Company.
According to the treaty, the Swiss Reinsurance Company agrees to invest in Palestine all reserves as well as premiums resulting from the additional sums in reinsurance, which the Judea Life Insurance Company writes in its new policies. “A period of unusual development may now be expected.” the announcement declared, “since the Swiss Reinsurance Company, ranking as one of the world’s largest companies, has by its recognition of the sound status of the Judea Insurance Company, made it possible to take the larger risks which hitherto we have been unable to accept.”
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
