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The last loss tally was 1.7% ahead of an August 2020 estimate for the storm, which exacerbated floods caused by EUR1.57bn event Ciara.
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The risk modeller pledges to review the offer but says its $6bn agreement with the PE firm still stands.
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
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The loss estimate for the February 2020 event is up 3% on an August assessment.
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The European (re)insurance supervisor said correlation to financial market risk made the idea a challenging one while reinsurance appetite is also very limited.
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Deanne Nixon is currently CUO at the Floridian insurer.
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He has held a seat on the company’s board since 2017.
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The final loss estimate fell by 2.5% as Perils said similar-sized losses could recur every three years. -
He has taken on a role as senior property underwriter after a stint as portfolio manager at Axa’s ILS unit.
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The entity plans to retain up to 30% of risk per program.
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The appointments follow the promotion of Jeremiah Konz to chief reinsurance officer.
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The CEO says the carrier deployed most of the $340mn raised in June at the 1 January renewals.
