State Farm eyes up purchasing $1bn extra limit across property cat treaties
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State Farm eyes up purchasing $1bn extra limit across property cat treaties

State farm logo hamilton bermuda.jpg

State Farm is planning to buy $1bn of additional limit across its 2024-2025 property catastrophe reinsurance program, this publication understands.

Sources have told Inside P&C that the mutual carrier met with reinsurers recently to flag its appetite for more cover next year, in an early sign that anticipated new cat demand is beginning to pick up pace.

It

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