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

Heritage Insurance logo storm surge.jpg

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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