Our property catastrophe business reinsures catastrophic perils for ceding companies on a treaty basis.
The principal perils in our portfolio include hurricane and windstorm, earthquake, flood, tornado, hail and fire. Coverage for other perils may be negotiated on a case-by-case basis. This business is comprised of reinsurance contracts that incur losses only when events occur that impact more than one risk or insured. Protection under property catastrophe treaties is provided on an occurrence basis, allowing our ceding company clients to combine losses that have been incurred in any single event from multiple underlying policies. The multiple claimant nature of property catastrophe reinsurance requires careful monitoring and control of cumulative aggregate exposure.