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BRIEF-Amtrust Financial provides update on catastrophe reinsurance contracts
2017年9月6日 / 凌晨1点10分 / 19 天前

BRIEF-Amtrust Financial provides update on catastrophe reinsurance contracts

Sept 5 (Reuters) - Amtrust Financial Services Inc

* Amtrust financial services, inc. Provides update on catastrophe reinsurance contracts

* Amtrust financial services - effective aug 1, entered into new quota share reinsurance contract related to business of its republic companies unit

* Amtrust financial services-new quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to its unit’s business

* Quota share contract has a cession rate of 62.5% covering personal property policies at republic

* Amtrust financial services-new contract reduces co’s exposure to all catastrophe perils, including hurricanes, tropical storms

* Does not expect hurricane harvey net impact to exceed $20 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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