Farmers looks to add $800mn layer to XoL cat treaty as FOTs run late

US personal lines insurer Farmers Insurance Group is in the market with its brokers seeking to add an additional $800mn of cover to its 1 January incepting occurrence excess of loss (XoL) catastrophe program, with quotes indicating pricing is likely to land up around 50 percent on a risk-adjusted basis, The Insurer can reveal.

 

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