Discontinued — last reported Q1 '20
Products & Services · Payments for Reinsurance
Asbestos and Environmental — Payments for Reinsurance
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2020Apr 29, 2020
Rolls up toReinsurance premium
How to read this metric
An increase indicates active settlement of legacy claims and successful recovery from reinsurance partners, while a decrease may suggest slowing claim resolution or reduced reliance on reinsurance for these specific liabilities.
Detailed definition
This metric represents the actual cash outflows paid by the insurer to reinsurers related to asbestos and environmental...
Peer comparison
Comparable to 'reinsurance recoveries' or 'ceded paid losses' for long-tail legacy liabilities at other property and casualty insurers.
Metric ID:
hig_segment_asbestos_and_environmental_payments_for_reinsuranceSimilar Metrics at Other Companies
Frequently Asked Questions
- What does asbestos and environmental — payments for reinsurance mean?
- The amount of cash paid to reinsurers to cover historical asbestos and environmental insurance claims.