- 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.
For further details see:
Ida Triggers Travelers Aggregate Reinsurance In Q3, Makes $95 Million Recovery