AIG cuts Florida reinsurance limits by more than 40%
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AIG cuts Florida reinsurance limits by more than 40%

Fiona Robertson
06 August 2021
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AIG CEO Peter Zaffino said that the firm’s Validus Re business cut its net Florida limits by more than 40% at the June renewals, working in co-ordination with the reinsurer’s ILS platform AlphaCat.

“Since AIG's acquisition of Validus Re in 2018, we reduced the overall limit in Florida by more than 65% or approximately $400mn of annual limit, demonstrating Validus Re's continued discipline and focus on volatility reduction,” he added.

The

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