NICO: The Hartford Signs $1.5 Billion Reinsurance Deal Covering Asbestos Liability

The Hartford has signed a reinsurance agreement effective Dec. 31, 2016 with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 billion aggregate excess of loss reinsurance agreement covering certain of The Hartford's asbestos and environmental liability ...