Bermuda-based Aspen Insurance Holdings Limited announced two collateralized reinsurance contracts today to protect it against California earthquake and U.S. wind event losses.

The firm said it has entered into a multiyear property catastrophe reinsurance agreement with Ajax Re Limited, a Cayman Islands-domiciled reinsurer, to provide up to $100 million of reinsurance coverage for Aspen’s insurance subsidiaries in the event of one or more California earthquakes.

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