NatGen secures $70mn auto and homeowners quota shares

US general insurer National General has arranged separate
two-year auto and homeowners reinsurance placements each with $70mn
per-event limits.
The auto cover, provided by Hannover Re, commanded a 31.2
percent provisional ceding commission, subject to a sliding scale
up to a maximum of 32.8 percent if the loss ratio remains below
63.4 percent for the reinsured portions of the book.
If the ratio rises above 66.6 percent the minimum ceding
commission falls to 29.6 percent. Hannover Re's liability