reinsurance coverage News

AIG Obtains $125 Million of Five-Year Indemnity Reinsurance Coverage

AIG announced that it has entered into a five-year reinsurance transaction with Tradewynd Re Ltd., which will provide $125 million of indemnity reinsurance protection against U.S., Caribbean and Gulf of Mexico named storms and U.S. and Canadian earthquakes. A diversified …

Chartis Obtains $575 Million of Reinsurance Coverage

Chartis today announced that it has entered into a reinsurance transaction with Compass Re, which will provide $575 million of protection to Chartis against U.S. hurricanes and earthquakes. This represents a substantial increase from the $275 million of protection originally …