Progressive expects to hit retention for aggregate cat reinsurance programme in Q3
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Progressive expects to hit retention for aggregate cat reinsurance programme in Q3

Kyoung-son Song
02 August 2023
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Progressive expects to surpass the retention threshold for its 2023 catastrophe aggregate excess of loss reinsurance program during Q3 2023, as it was about $40mn-$50mn below the attachment point by the end of Q2.

Once it exceeds the retention threshold, the company has XoL coverage of up to $100mn for non-named storm property catastrophe losses for its property portfolio.

The

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Kyoung-son Song
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