Heritage discloses $32mn maximum second-event retention for Nicole
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Heritage discloses $32mn maximum second-event retention for Nicole

Farhin Lilywala
09 November 2022
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Heritage management commented today that its reinsurance cover for any loss over $20mn would be roughly 40 cents on the dollar, depending on the severity of a particular storm.

On a call with analysts, they added that the maximum retention for a second event such as Tropical Storm Nicole is around $32mn.

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