Donegal Group Restructures Reinsurance Program

The Donegal Group Inc. on Friday announced changes to its reinsurance program this year, which it believes will better manage volatility and preserve capital than reinsurance agreements that are expiring. Donegal Mutual Insurance Co. and the company’s insurance subsidiaries implemented a combined third-party reinsurance program, effective Jan. 1. The coverage and parameters of the program are common to all insurance companies within the Donegal Insurance Group. The program includes excess of loss reinsurance contracts, which provide coverage for losses over a retention of $1 million fo...