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The rate change will be implemented in November. -
Nissan and Toyota closed their factories due to the winds.
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The Insurance Bureau of Canada said the blaze damaged one-third of the Jasper community.
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Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The ratings agency said comparing companies was complicated by the adoption of IFRS 17 accounting.
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The executive has worked for Scor, RMS, Aon and SiriusPoint, among others.
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Reinsurers continued to diversify into primary and specialty business.
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The unit will support Ascot’s third-party capital business.
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Return on capital employed hit 13% last year as the cost of capital fell to 8%.
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The insurer currently has $300mn of reinsurance limit from cyber cat bonds.
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Positive cat experience impact of $600mn was offset by $500mn in property and specialty reserves.
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