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The latest estimate is marginally below a previously disclosed $75mn UK BI claims cap. -
The storm is expected to cause “historic life-threatening” flash flooding, according to data from the National Hurricane Center.
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The Swiss carrier says any increase in P&C claims arising from the ruling won’t materially impact its earlier assessment of $750mn in Covid-19 claims.
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The insurer could have total gross losses of more than EUR500mn, according to a French publication.
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Micro-insurance and parametric products show promise in extending cover, speakers said.
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The estimate fell below the midpoint of Hiscox's prior modelled BI loss range.
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Reinsurance recoveries and a drop in overall claims will offset the BI loss hike.
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Enterprise and property cat reinsurance are a “must have,” chief risk officer Julia Chu says.
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The pension decided to invest in ILS in 2018 allocating 1.5% of the £1.9bn fund to Securis.
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ILS expansion beyond cat will continue, the Everest Re CEO added.
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The appointment follows a number of senior departures from Aon’s reinsurance ranks.
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The state’s top carriers have received roughly 4,500-4,600 new cases each month since June.
