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The ratings agency said a high degree of uncertainty around ultimate exposure is likely to be long-lasting and will fuel rate strengthening in affected lines.
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European storms have inflicted heavy claims on insurers in recent years.
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The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
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The nat cat loss aggregator said the Q1 event was the “largest flood loss on record” for the Australian insurance industry.
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A $90mn capital charge relating to the former Ace run-off asbestos book is a bear signal for the wider legacy market.
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The carriers have placed a legally binding cat excess-of-loss reinsurance contract using B3i’s platform.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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The study says a more La Niña-like environment has driven the trend.
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Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
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Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business.
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Wind XoL rate increases are tapering off, while cedants push for commission increases on quake quota-shares.