The Hartford renews cat reinsurance with 28% risk-adjusted cost increase: CFO Costello
The Hartford has renewed its per occurrence and aggregate property cat reinsurance protection with an approximate 20% increase, or 28% on a risk-adjusted basis, CFO Beth Costello told analysts during the company’s Q4 conference call.
Costello said that “overall the structure of our property cat program did not change significantly,” but added that the insurer increased its attachment point on the $200mn aggregate cover to $750mn, up from $700mn.
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