R+V restructures XoL program after heavy Euro flood loss; cat agg capacity shrinks at 1.1

R+V Versicherung – Flood

German insurer R+V Versicherung is restructuring its 1 January renewing XoL treaty with a broad shift from aggregate to occurrence cover, after the summer floods are thought to have nearly exhausted its €700mn ($785mn) cat reinsurance program.

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