Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

FM Global tells reinsurers no Maria claims on cat XoL

David Bull 5 December 2017

FM Global has told its reinsurers that it does not expect Hurricane Maria claims in Puerto Rico to attach its main property cat excess-of-loss programme, The Insurance Insider can reveal.

The insurer's cat tower is thought to attach at around $550mn with $1bn of reinsurance protection.

If the tower does not trigger, that may indicate that actual claims from Maria are coming in at a lower level than initially feared.

FM Global was seen as a potential source of major...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:
This article was published as part of issue December 2017/1

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π