Heritage ceded losses reach $62mn in Q2, as insurer slows growth
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider ILS is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Heritage ceded losses reach $62mn in Q2, as insurer slows growth

Ernie Garateix Heritage logo clearwater florida.jpg

Floridian insurer Heritage disclosed that losses ceded to reinsurers reached $62.0mn in the quarter, up from $60.4mn a year earlier, after reinstatement premiums for its convective storm coverage depressed its result.

The carrier had posted a $4mn loss for the quarter on higher weather losses.

On the company’s earnings call, it noted the losses related mostly to one major storm, versus a string of smaller events a year ago.

Covid-related

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article