AIG drops down cat reinsurance cover

AIG has taken steps to increase its reinsurance protection against
catastrophe volatility in the past year after it halved the trigger
point of its US property catastrophe reinsurance programme.
The insurer disclosed in its fourth quarter results that the
attachment point of the treaty had dropped from $3bn to $1.5bn.
The carrier said this was part of "transformational
changes" to the reinsurance arrangements protecting its
commercial insurance arm last year.
As well as dropping the retention po