PA market faces $35mn baseball claim

The personal accident (PA) market is bracing itself for a $35mn
permanent total disablement loss from US baseball team the Texas
Rangers following the career-ending injury of player Prince
Fielder, The Insurance Insider can
reveal.
Industry sources have indicated that US carrier Tokio Marine HCC
is the lead insurer on the policy, which is understood to have a
limit of around $35mn.
Tokio Marine HCC is believed to have retained some of the risk,
but the majority has been reinsured...