{"id":681,"date":"2025-07-29T14:40:09","date_gmt":"2025-07-29T14:40:09","guid":{"rendered":"http:\/\/www.atsnorfolk.com\/?p=681"},"modified":"2025-07-30T14:27:25","modified_gmt":"2025-07-30T14:27:25","slug":"cincinnati-lifts-property-catastrophe-reinsurance-tower-to-1-8bn-at-july-renewal","status":"publish","type":"post","link":"http:\/\/www.atsnorfolk.com\/index.php\/2025\/07\/29\/cincinnati-lifts-property-catastrophe-reinsurance-tower-to-1-8bn-at-july-renewal\/","title":{"rendered":"Cincinnati lifts property catastrophe reinsurance tower to $1.8bn at July renewal"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

Cincinnati Financial Corporation purchased an additional layer on its property catastrophe reinsurance treaty with a limit of $300 million at its July 1, 2025 renewal, increasing the total limit on its reinsurance tower from $1.5 billion to $1.8 billion.
\n<\/span>
\n\"cincinnati-logo\"In its latest quarterly report, Cincinnati confirmed that it retains 57.2% of losses between the $1.5 billion and new top of its reinsurance tower at $1.8 billion.<\/p>\n

The provisions of this additional layer are similar to those of the existing layers, with the annual ceded premiums for the new coverage estimated to be less than $5 million.<\/p>\n

Moreover, Cincinnati also renewed its retrocession for its Cincinnati Re vehicle at June 1, 2025.<\/p>\n

The completed placement includes property catastrophe excess of loss (XoL) coverage for losses in excess of $90 million per occurrence, with a total available limit of $73 million per occurrence.<\/p>\n

Ceded premiums for this one-year retro renewal for Cincinnati Re are estimated at approximately $16 million.<\/p>\n

Furthermore, Cincinnati has also reported that there were no material changes during Q2 2025 to the estimated $38 million recovery, as of March 31, 2025, related to the California wildfires under the Cincinnati Re only program, effective June 1, 2024, which expired during Q2\u201925.<\/p>\n

Cincinnati Re said: \u201cOther written premiums include premiums ceded to reinsurers as part of our reinsurance ceded\u00a0program. A\u00a0decrease in ceded premiums increased net written premiums by $4\u00a0million for the second quarter and an increase in ceded premiums decreased net written premiums by $76 million for the first six months of 2025, compared with the same periods of 2024.\u201d<\/p>\n

As well as this, Cincinnati\u2019s other written premiums for the first six months of 2025 included a net unfavorable amount of $52 million for reinsurance treaty reinstatement premiums related to the California wildfires, which includes a\u00a0favourable $12 million for Cincinnati Re and an unfavourable $64 million for the company\u2019s personal lines insurance segment.<\/p>\n

However, the company also confirmed that under its main property catastrophe reinsurance treaty, the estimated recovery for the California wildfires remained at the March 31st level of $429 million.<\/p>\n

Read all of our reinsurance renewal news coverage.<\/a><\/strong><\/p>\n

Cincinnati lifts property catastrophe reinsurance tower to $1.8bn at July renewal<\/a> was published by: www.Artemis.bm<\/a>
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Cincinnati Financial Corporation purchased an additional layer on […]<\/p>\n","protected":false},"author":1,"featured_media":683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance-renewals"],"_links":{"self":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/comments?post=681"}],"version-history":[{"count":2,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/681\/revisions"}],"predecessor-version":[{"id":684,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/681\/revisions\/684"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/media\/683"}],"wp:attachment":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/media?parent=681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/categories?post=681"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/tags?post=681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}