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Berkshire’s NICO pays Hartford $1.12bn to commute reinsurance cover

Summary by ReinsuranceNe.ws
The Hartford Insurance Group has agreed to commute and terminate its aggregate excess of loss reinsurance agreement with National Indemnity Company (NICO), a Berkshire Hathaway subsidiary, ending cover for asbestos and environmental adverse development that has been in place since December 31, 2016. Hartford Fire Insurance Company and certain affiliates entered into the commutation and […]

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Berkshire’s NICO pays Hartford $1.12bn to commute reinsurance cover

The Hartford Insurance Group has agreed to commute and terminate its aggregate excess of loss reinsurance agreement with National Indemnity Company (NICO), a Berkshire Hathaway subsidiary, ending cover for asbestos and environmental adverse development that has been in place since December 31, 2016. Hartford Fire Insurance Company and certain affiliates entered into the commutation and […]

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ReinsuranceNe.ws broke the news on Monday, September 28, 2026.
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