Heritage reinsurers benefit from ceded loss drop in 2020

10 March 2021

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Florida-based insurer Heritage ceded $236.2mn of losses to its reinsurance partners in 2020, according to its annual report filing.

This was around a third of the firm's $609.6mn loss tally, but for the first time in three years reinsurers accrued significantly more premium than losses from the insurer.

Heritage

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Heritage reinsurers benefit from ceded loss drop in 2020

Florida-based insurer Heritage ceded $236.2mn of losses to its reinsurance partners in 2020, according to its annual report filing.

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Heritage reinsurers benefit from ceded loss drop in 2020

Florida-based insurer Heritage ceded $236.2mn of losses to its reinsurance partners in 2020, according to its annual report filing.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PCS puts second Hurricane Milton insured loss at $15bn

Fidelis seeking $300mn of named storm and quake coverage

US carriers target cat bond market as deal multiples hold up

Oak Re secures Bain Capital as minority backer ahead of 1.1 launch

ILS market sizing Hurricane Milton losses at around $20bn