Published by this author:
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The carrier renewed about a third of its $1.2bn earthquake cover.
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Fee income rises by over two thirds to surpass $19mn for the quarter.
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The streak of tornadoes in the US this May means 2019 is set to have highest level of activity since 2011 but the impact on (re)insurers will be offset by lower than average hail events.
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UPC Insurance halved the amount of reinsurance limit it will seek from the open market to $808mn, after opting for more state fund and quota share cover. -
Bermudian ILS manager Pillar produced $1.2mn of Q1 income for the conglomerate.
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Premiums were up at the insurer to $210mn despite staying flat in Florida.
