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Global reinsurers also reported a slight deterioration of their combined ratios in 2022, with the average for the year being 95.7% compared with 94.7% in 2021. -
Swiss Re estimates that inflation has peaked but is likely to remain persistent in 2023.
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The devastating quake left more than 50,000 dead and destroyed 160,000 buildings in Turkey.
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The Hestia Re catastrophe bond has twice dropped its pricing from the initial guidance range of 10.5%-11.5%.
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The estimate is an increase on the figure released by Perils in December, which gauged the insured losses at 120bn yen.
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The aim is to launch a casualty ILS product that would enable Saudi investors to access US casualty risk.
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The flooding resulted in the costliest weather event for New Zealand’s insurance industry to date.
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The casualty ILS fund has been on a hiring spree since its $75mn Series B fundraise in June last year.
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The Chicago-based carrier is targeting $100mn of Florida named storm coverage.
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Yaworsky has served as interim insurance commissioner since being nominated by Governor Ron DeSantis last month.
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The loss aggregator raised the quantum from its third estimate of A$6,292mn, put out in early September.
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Reinsurers congregating in Bermuda flagged a lack of interest in helping under-capitalised Floridian insurers and under-priced diversifiers, with positive implications for ILS participation.
