Definity reaches cat aggregate reinsurance treaty limit
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Definity reaches cat aggregate reinsurance treaty limit

Jai Singh
October 06, 2023
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Definity Financial Corporation announced it has fully used its aggregate reinsurance treaty limit for 2023 due to third-quarter cat losses driven by wildfires in British Columbia (BC).

The August wildfires were the largest of the 11 events that resulted in the Canadian insurer’s reaching its catastrophe loss threshold.

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