TD Insurance Seeks $91M Annual Aggregate Reinsurance for Canadian Catastrophes

TD Insurance, based in Canada, is pursuing an annual aggregate reinsurance of 125 million Canadian dollars (approximately $91 million USD) to cover multiple catastrophe perils, including named storms, earthquakes, severe convective storms, winter storms, and wildfires specific to Canada. This new coverage is designed as a three-year indemnity-triggered reinsurance with attachment and exhaustion points set between CAD350 million and CAD500 million in losses. The initiative represents a broader spectrum of catastrophe risk protection compared to its initial catastrophe bond, reflecting a strategic enhancement in the company's risk management and reinsurance structure.