Jan 11 (Reuters) - QBE Insurance Group Ltd QBE.AX :
* FINALISED RENEWAL OF GROUP'S REINSURANCE PROGRAM EFFECTIVE 1 JANUARY 2021
* FEATURES OF 2021 REINSURANCE PROGRAM INCLUDE MAIN CATASTROPHE TOWER INCREASED TO $3.4BN
* NORTH AMERICA PEAK CATASTROPHE RETENTION OF $200M
* GROUP'S 2021 FINANCIAL PLANS AND PRICING ASSUMPTIONS INCLUDE A NET CATASTROPHE ALLOWANCE OF $685M
* ON A LIKE-FOR-LIKE BASIS, PROBABILITY OF EXCEEDING GROUP'S INCREASED 2021 CATASTROPHE ALLOWANCE IS LOWER THAN IN 2020
* INCREASE IN CATASTROPHE AGGREGATE ATTACHMENT REFLECTS EXPOSURE GROWTH, INCREASED US AND AUSTRALIAN NON-PEAK RETENTIONS