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Experts at the Trading Risk New York conference emphasised in-built cyber risk protections from defences to exclusions, as ILS managers grapple with understanding the peril. -
Wildfires in British Columbia were the largest of 11 catastrophe losses for the insurer.
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The mortgage insurer last closed a similar deal more than two years ago.
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The Middle Eastern investor had built up a billion-dollar portfolio, but personnel turnover has ultimately driven it to reverse course.
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Experts agreed that investment in understanding wildfire risk had come a long way in recent years.
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The sidecar has been launched alongside partner Stone Point Credit Adviser.
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Lara's plan, backed Thursday by an executive order from California Governor Gavin Newsom, repackages elements of a proposed bill that collapsed earlier this month.
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The two associations will work together on six matters, including climate change, cyber risks and taxation.
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SCS accounted for nearly two-thirds of global first-half catastrophe losses.
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The final report said the majority of the losses occurred on Kyushu Island with 74% of the total industry loss.
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The InsurTech claims five former staff, including the CEO and CFO, forged signatures and impersonated bank staff.
