Core Heritage layers renew broadly flat

Heritage has put out firm order terms (FOTs) to the market that
appear to be broadly flat on the two core layers of its cat
excess-of-loss tower, The Insurance
Insider can reveal.
According to sources, the Florida homeowners' insurer will
pay a rate-on-line (RoL) of 27.25 percent on the first $110mn
layer, which is being placed above a $50mn xs $40mn underlying
layer.
That layer would drop down to $40mn if it was
exhausted under the cascading structure put together...