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The new funds will target the US wealth market through financial professionals. -
A total of $2.1bn in Fema money has been approved for the state.
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Cheaper traditional reinsurance as of mid-year may have dampened deal pipeline.
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Michael Rich left the portfolio management role in May.
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Latest pricing suggests secondary market traders are baking in further loss development.
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The firm will provide an update on 22 November to avoid holiday season.
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September was the strongest performing month since the index began in 2006.
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Some $409mn of volume entered the market in the week to 4 November.
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The low PCS number is presenting a challenge for ILW buyers and sellers.
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Nephila revenues would likely have been higher, but for an ‘elevated climate signal’ this year.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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The figures imply first-layer reinsurance recoveries for Helene.
