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In a 3-2 split decision issued last week, Louisiana’s Fourth Circuit Court of Appeal ruled that the policy language is “ambiguous”. -
The executive will report to Everest Group COO and head of reinsurance Jim Williamson.
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The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.
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The addition of Japan increases the number of territories covered by Perils to 21.
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The agency said casualty risk was attractive to investors for its low-to-moderate correlation.
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The parametric product will pay out based on a hurricane’s proximity to the insured.
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The pricing on the storm and quake cover has shifted down from initial guidance, bucking early Q2 trends.
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Kelvin Re, one of two balance sheets previously affiliated with Credit Suisse ILS, has been in run-off since December 2020.
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CEO Kathleen Reardon said recent legislative changes are a ‘band aid’ but will help to calm the stressed Florida market.
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QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.
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The event is the sixth-largest insured loss event in Canadian history.
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The decade from 2010 ran the full gamut of catastrophe loss experience, reminding us that there is no such thing as a "new normal" in the world of ILS.
