Hurricane
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The executive predicts more differentiation between cedants at the upcoming Florida renewals. -
Robert Howie points to side-pockets as the big issue of 2018.
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The firm's chief commercial lines underwriter has left, as it separately announced expansion into North Carolina and New York.
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Aon had previously predicted that the hurricane would lead to $10bn of losses.
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The Lloyd’s CFO said the corporation wants to nurture ILS capital within its framework.
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The Credit Suisse-backed managing general agent took a £6.6mn loss in 2018, down from £7.7mn the year before.
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Syndicate 2357 had escaped a reinsurance loss in 2017 but the segment fell to an $84.2mn loss in 2018.
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The government intends to develop a policy for financing of natural disaster risk which could include cat bonds.
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The Florida state insurer confirmed plans to add $200mn of personal lines reinsurance cover to its overall programme.
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Weatherbell forecast 0 to 2 major hurricanes this year.
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The expected losses from Irma have increased by nearly 10 percent since the end of September.
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The reported estimates from insurers have increased by up to 140 percent since Q3 2017.
