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Travelers skips renewal of personal XOL treaty after reinsurance shift
Travelers renewed a Northeast property catastrophe XOL treaty on July 1 that provides $1 billion of occurrence coverage above a $2.75 billion attachment point.
Travelers said it chose not to renew its Personal Insurance Catastrophe Excess-of-Loss, or XOL, reinsurance treaty at July 1 after it secured an enhanced enterprise-wide catastrophe reinsurance program at January 1, a move the insurer described as offering a more attractive way to obtain the intended protection.
In remarks on Travelers’ Q2 2026 earnings call, Chief Financial Officer Dan Frey also noted that on July 1 the company renewed its Northeast property cat XOL treaty, which continues to provide $1 billion of occurrence coverage above an attachment point of $2.75 billion.
The company previously purchased the personal catastrophe XOL reinsurance treaty in 2024 and 2025, but the renewal decision reduced Travelers’ net exposure to mid-sized catastrophe events by bringing reinsurance into play earlier.
Reinsurance News said the shift also follows Travelers’ broader reinsurance restructuring, including discussion of catastrophe bond coverage and related insurance-linked securities in its Deal Directory.