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The firm is focusing on developing specialty offerings. -
The carrier has added $5mn to the target limit bringing it to $105mn.
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The underwriter will report to Kristina Maffit.
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Pricing on the Class A notes moved toward the lower edge of guidance.
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The coverage is for any named-storm loss event in Florida.
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The state pool is seeking indemnity, annual aggregate cover.
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Sources are expecting multi-billion new limit to be placed.
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The cat bond will cover earthquake and named storm events.
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Some $415mn of capacity entered the market last year.
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Pricing guidance has also been updated to between 8%-8.25%.
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The agency stressed the physical impact of climate risk on companies.
