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The backstop vehicle expands its offer beyond the 22 Caribbean and Central American states it currently services.
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The president and CEO urges wordings precision to avoid cyber-related litigation.
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EMC and Church Mutual turn back to reinsurers after devastating wind losses.
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Structures damaged or destroyed include the Meadowood Napa Valley resort and Medieval-style winery Castello di Amorosa.
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All three fires are prompting evacuation orders in Napa and Sonoma counties.
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Climate variations will likely spur demand for ILS capital to help reinsurers manage peak US hurricane exposure, the manager said.
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The National Flood Insurance Program is expected to take $400mn-$800mn of losses.
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Rain and storm warnings are in effect for the provincial capital city of Halifax.
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The Canadian Hurricane Centre described Teddy as a “very large and powerful storm”.
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The NHC expects “significant flash and urban flooding” to continue.
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The deal follows an earlier fronting agreement supported by Markel, Nephila and RenaissanceRe.
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July rains and typhoons Maysak and Haishen severely damaged Kyushu region, the body said.