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

Farhin Lilywala
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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Topics

News Florida Heritage Insurance Catastrophe bonds
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Farhin Lilywala
Section Editor, Distribution & Specialty
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