Chubb among US cedants pulling plans for extra cat protection
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Chubb among US cedants pulling plans for extra cat protection

Fiona Robertson
19 December 2022
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Chubb is among the US insurers that have pruned back plans to extend their catastrophe reinsurance programmes as the extent of post-Hurricane Ian market hardening becomes clear, sources said.

The insurer’s main protection renews in April but it had tested the market for a large slug of reinsurance capacity – $500mn or more – to function as a new top layer, with the hope of securing coverage before...

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