secwatch.observer — SEC 8-K summary
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Issuer:     ASSURANT, INC. (AIZ)
CIK:        0001267238
Form:       8-K
Filed at:   2022-07-06T23:59:59+00:00
Accession:  0001267238-22-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Assurant finalizes 2022 cat reinsurance: $1.16B coverage, $80M retention per event
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- U.S. program provides $1.16B of coverage in excess of $80M retention per event; combined with FL fund up to ~$1.34B.
- Total program premium estimated at ~$189M pre-tax; multiyear contracts cover 45% of U.S. program to reduce cost volatility.
- Company exiting remaining Latin America program due to risk-return expectations; expects to retain ~75% of Adj. EBITDA in 1-in-50-year season.
- Coverage placed with over 40 reinsurers all rated A- or better; program protects against a projected 1-in-174-year storm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1267238/000126723822000026/0001267238-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1267238/000126723822000026/aiz-20220706.htm
  HTML page:      https://secwatch.observer/filing/0001267238-22-000026

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