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Over 20 houses have been destroyed as around 120 bush and grass fires burn across New South Wales.
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There was a lot to unpack in Swiss Re’s investor day update, which focused on its plans to continue recapturing market share in the natural catastrophe business.
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The country's ministry of finance has agreed a deal with 56 insurers to insure public buildings against natural disasters.
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As claims from Dorian and Faxai dent Q3 results, this publication assesses the impact on the market so far.
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The AIG subsidiary achieved rate rises of 30 percent across commercial D&O while also reducing its portfolio loss exposure.
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The two Florida-based insurers have continued to suffer increased losses from prior year events such as Hurricanes Irma and Michael.
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Property fac-focussed Brickell Underwriting Agency will open in early November and begin writing risks from 31 December.
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The committee will be comprised of underwriters who write professional indemnity for construction, and have a particular focus on cladding and fire protection.
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The losses relate largely to Hurricane Dorian and tropical storms Barry and Imelda.
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All policies underwritten by the carrier will be cancelled from the beginning of November.
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The Californian utilities firm has established a $14bn backstop fund to ensure all liabilities are paid.
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