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The parent also expects the ILS platform’s AuM to grow. -
The executive previously served at McGill and Partners and Willis Re.
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The carrier is designing an investable portfolio of long-tail risk.
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The event occurred a fortnight after major North Island flooding in New Zealand.
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Its property cat aggregate cover renewed with improved coverage.
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There were 10 fatalities, mostly due to drowning or tree fall accidents.
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The suggested update to the PML is $2bn higher than last year.
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The ILS allocator has invested in the asset class over 17 years.
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The carriers were in arbitration with UnipolRe and Gen Re.
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The carrier booked a reserve charge of $392mn for casualty insurance.
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The hire has 20 years’ experience in asset management and corporate finance.
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