Travelers increases catastrophe XoL reinsurance cover by over $1.5bn at 1.1 renewal
Reinsurance News - Jan 19, 2024
US primary insurer Travelers decided to increase the size of its catastrophe excess-of-loss (XoL) reinsurance treaty at its January 1st, 2024, renewal, with the 2024 tower extending up to $3.525 billion of qualifying losses, compared with $2 billion in 2023, while the retention is unchanged year-on-...
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