secwatch.observer — SEC 8-K summary
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Issuer:     ASSURANT, INC. (AIZ)
CIK:        0001267238
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001267238-23-000035
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Assurant places ~$1.3B in 2023 catastrophe reinsurance; retention $125M per event
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- U.S. program provides ~$1.28B loss coverage in excess of $125M retention (drops to $100M for 2nd/3rd event).
- PML coverage improves to 1-in-225-year storm (2022: 1-in-174); combined Florida coverage up to $1.58B.
- Estimated 2023 reinsurance premiums ~$200M pre-tax, placed with 40+ reinsurers all rated A- or better.
- Company mitigated price increases via international business exit, product optimization, and multiyear agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1267238/000126723823000035/0001267238-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1267238/000126723823000035/aiz-20230622.htm
  HTML page:      https://secwatch.observer/filing/0001267238-23-000035

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