Zurich says maximum H2 Farmers cat hit $20mn

Zurich has said its maximum exposure to the catastrophe losses of
subsidiary Farmers Insurance Group is capped at $20mn.
The insurer is exposed to the California-based company's
underwriting results through an 8 percent quota share treaty with
Farmers Re. This caps overall catastrophe losses at $100mn on a
12-month basis, Zurich said.
"As a result of the losses incurred over the first half of
the year the maximum potential loss to Farmers Re from catastrophes
over the second half of...