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The city of Osaka sustained most of the losses.
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The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.
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Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.
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The reinsurer has created a new P&C partners unit encompassing its retro and third-party capital strategies as well as insurtech ventures, underwriting management and product development.
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Richard Slater and Adam Champion have been hired at Brit’s new collateralised reinsurance vehicle Sussex Capital.
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The ecclesiastical carrier works with unnamed global reinsurers to provide coverage which it claims as a first for Italy.
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A court of appeal in Florida has said assignment of benefit rights can be split between multiple parties.
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The London-listed carrier is said to be looking for both ILS and Names money to support the growth of its facilities-only special-purpose arrangement for 2019.
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AIR Worldwide and RenaissanceRe said they are collaborating to develop a probabilistic model for extreme liability events.
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London-based insurer Barbican has announced that it will launch a property direct and facultative (D&F) underwriting platform in Bermuda, writing risk on behalf of the company's Lloyd's syndicate 1955.
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The World Bank's South American cat bond has priced just below the upper end of a revised target range at $1.36bn, according to Trading Risk sources.
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A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll