Swiss Re · Art of the Possible
Idea 03 — Contract Intelligence
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Atlas P&C — Property Cat XoL · Treaty Wording
v3
Comparing vs standard wording
Original document · as submitted

PROPERTY CATASTROPHE EXCESS OF LOSS REINSURANCE

§2.1 Territorial Scope

This Agreement covers losses occurring within the Asia-Pacific region, 3including all perils arising in Seismic Zone 4, attaching at the dates and times stated herein.

§3.4 Terrorism

This Agreement excludes loss directly or indirectly caused by terrorism, 1save that conventional acts of terrorism shall be covered hereunder, subject to the limits below.

§4.2 Hours Clause

The duration of any one Loss Occurrence shall be limited to 2168 consecutive hours for windstorm; and 504 consecutive hours for earthquake and fire following.

§6 Reinstatements

Two (2) reinstatements shall be available at 100% additional premium, pro rata as to amount and 100% as to time.

Contract Intelligence · reviewed in 38s
12
Obligations
3
Deviations
1
Missing
100%
Cited
1

Terrorism carve-back

Deviation§3.4

Standard wording excludes all terrorism. This version carves conventional terrorism back into cover — materially widening the grant. Confirm intent.

2

Hours clause extended

Deviation§4.2

Windstorm window is longer than the house standard, increasing per-event exposure.

standard 72h168h
3

Out-of-appetite zone

Anomaly§2.1

Territorial scope includes Seismic Zone 4, outside current cat appetite — and it aggregates with 3 live treaties.

!

Sanctions & embargo clause

Missing

No sanctions clause found anywhere in the wording. Required by policy on every cession.

Every flag links to its clause. The reviewer keeps the final call.
Accept Flag Refer to legal