Heritage lowers its main first event exhaustion point by $100mn as costs rise 15%

06 June 2022

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Heritage Insurance has completed its 2022-23 reinsurance program, decreasing its first event exhaustion point by $100mn to $1.3bn in the southeast from $1.4bn in the prior year, as its dollar spend rose 15%.

The company’s first event reinsurance tower exhaustion points clocked in at $1.2bn for the northeast region, $1.3bn in the southeast and $780mn in Hawaii.

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Heritage lowers its main first event exhaustion point by $100mn as costs rise 15%

Heritage Insurance has completed its 2022-23 reinsurance program, decreasing its first event exhaustion point by $100mn to $1.3bn in the southeast from $1.4bn in the prior year, as its dollar spend rose 15%.

Fuel a smarter strategy with our actionable market intelligence

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Heritage lowers its main first event exhaustion point by $100mn as costs rise 15%

Heritage Insurance has completed its 2022-23 reinsurance program, decreasing its first event exhaustion point by $100mn to $1.3bn in the southeast from $1.4bn in the prior year, as its dollar spend rose 15%.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM