AmTrust estimates Harvey exposure won't exceed $20mn

AmTrust Financial Services said it expects the net impact of
Harvey to be no more than $20mn, as it detailed a new quota share
agreement that cut cat exposure for one of its subsidiaries.
Late yesterday, the company said its Republic Companies
subsidiary had entered into a quota share contract with a cession
rate of 62.5 percent covering personal property policies last
month.
The quota share became effective on 1 August, well before Harvey
and the building Hurricane Irma, which...