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25 February 2018

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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...

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

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