FM Global's cat excess-of-loss (XoL) reinsurers will be looking for payback at 1 July after absorbing Sandy losses estimated at three-to-four times the size of the premium on the affected layers.
FM Global's cat excess-of-loss (XoL) reinsurers will be looking for payback at 1 July after absorbing Sandy losses estimated at three-to-four times the size of the premium on the affected layers.