Zurich drops $450mn global agg cat treaty and adds $550mn US quake swap
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Zurich drops $450mn global agg cat treaty and adds $550mn US quake swap

Liz Bury
February 09, 2023
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Sign of Zurich Financial Services Group on buildings facade

Zurich has dropped its global aggregate cat treaty for 2023 and added a US quake swap of $200mn to its 2023 reinsurance programme.

Additionally, it put in a $300mn top cat layer covering US named windstorms and US and Canada quake. A $115mn US wind swap was taken out, and a $200mn combined global cat layer that it had previously also lapsed.

The...

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