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Covid-19 may have been the biggest talking point in the (re)insurance markets this year but arguably, the pandemic is being overtaken by several other factors – ILS market dynamics amongst them.
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The storm has also struck areas of Alabama still struggling to recover from Hurricane Sally after its Category 2 landfall in Louisiana yesterday. -
New Orleans may fall outside the strongest winds but the storm's possible track has drawn closer to the urban centre.
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RenRe thinks the major cat losses of Q3 will cause the property cat market to harden throughout 2021.
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Asian reinsurer looks to expand as prices increase.
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The storm has gained strength after earlier forecasts put it at a Cat 1 landfall strike.
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The former Aon retro broker joined the firm several years ago.
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Nat cat events make up over two-thirds of the Q3 losses, with Covid-19 claims accounting for 23%.
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The storm is predicted to hit “at or near” hurricane strength before continuing northwest.
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The ratings agency has carried out an initial assessment of the reinsurance subsidiary's business plan.
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Ex-Brit underwriter Julia Henderson has resigned after two years, while a new CFO joins from Markel Re.
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Forecasts point to landfall on the Louisiana/Mississippi border, bringing rain and possible flash flooding.
