TRV - Ida Triggers Travelers Aggregate Reinsurance In Q3 Makes $95 Million Recovery

• Travelers had eroded through almost 80% of the retention for its aggregate catastrophe reinsurance layer by the end of the first-half of 2021.
• By the end of Q1 Travelers had accumulated some $915 million of qualifying losses towards the aggregate retention of its reinsurance, with that figure rising to roughly $1.5 billion by the end of Q2 2021.
• Last year, catastrophe and non-catastrophe weather-related losses in Q3 2020 were reduced by $280 million of recoveries available under the aggregate reinsurance.

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