Property
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted. -
The loss has decreased by 0.3% since the company’s third assessment.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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The revision is significantly lower than the $4.5bn October estimate.
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California homeowners are also expected to move admitted business to E&S.
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The bond initially sought $425mn across three tranches.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
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The Floridian company applied to be traded on the NYSE.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Torrey Pines Re is split among three tranches of notes.
