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Claims forecasts have so far fallen in line with loss expectations well below $5bn. -
The reinsurance CEO says Swiss Re will cut back its US casualty share.
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The company has requested state-wide changes to its multi-peril homeowners account.
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Including offshore losses of up to $1.5bn, the firm's total loss estimate ranges from $0.8bn-$1.5bn.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO.
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Shabnam Ahmed will build out the manager’s portfolio and train other underwriters.
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The modelling firm estimated $950mn would come from US losses, with $300mn in Mexico.
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A report by the reinsurance broker says that just over $3bn of insured losses occurred in Iowa.
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Sources estimate that 70%-85% of subrogation recoveries are already complete.
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More than 90% of crude oil production remained offline as of Sunday.
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The new estimate sits in the middle of the range, following previous figures given by modellers
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The NHC emphasised uncertainty over the intensity outlook for the storm's Gulf Coast landfall.
