Heritage buys additional $50mn in first-event limit, raises first loss retentions at 1.6
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Heritage buys additional $50mn in first-event limit, raises first loss retentions at 1.6

James Thaler
26 May 2021
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Ernie Garateix Heritage logo clearwater florida.jpg

Florida-based Heritage Insurance Holdings said on Wednesday that it had completed the annual purchase of its reinsurance programme, in which the company increased the programme’s exhaustion point by $50mn and also expanded the aggregate cat limit to $2.5bn, up from $2.38bn last year.

In its announcement, the company also disclosed that the first-loss event retention for events in the Southeast and Hawaii rose by $12mn, to $32mn, and increased to roughly $21mn from $13mn for Northeast exposures.

Heritage

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NewsFloridaRe/insurers
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James Thaler
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