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The insurer racked up $915mn of qualifying cat losses after winter storms. -
The former Blue Capital portfolio manager is joining the wildfire-focused MGA to lead underwriting.
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Property losses make up 96% of claims.
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Cat bond market exuberance seems to be mismatched against overall ILS sentiment.
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Analyst Philip Kett estimates US winter weather losses at $15.3bn.
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The forecaster sees only a 25% chance that the enhanced activity will reach the “hyperactive” levels seen in 2020.
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Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.
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States most impacted include Alabama, Mississippi, Texas, Georgia, and Tennessee.
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The executive will be replaced by CFO Holger Tewes-Kampelmann.
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The industry association reports 37,858 claims lodged so far.
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Researchers at Colorado State University (CSU) are expecting an above-average hurricane season for 2021, including up to 17 named storms.
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The bill sets out changes to roofing cover and changes attorney compensation structures.
