Australasia
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Almost 300,000 people have been left without power from the storm. -
Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.
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The carrier said reinsurance was a key component of its “low-volatility strategy”.
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The cyclone pool received $479mn in GWP in the year to 30 June 2024.
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The manager’s ILS allocation now spans six of its seven investment funds.
