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Cedants faced a hard market in the mid-year renewals.
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The company increased non-cat reserves by $26mn in the second quarter.
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An expanding book of primary business and the elimination of quota share agreements helped boost profits.
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The storm’s track has pulled further offshore, but uncertainty remains.
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The carrier has reduced its frequency risk while lifting exposure to tail events.
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CEO Kevin O'Donnell also noted that RenRe had dropped one-third of its Florida clients.
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Notices of legal action jumped 65% year on year to an all-time high in H1 2020.
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This week the team looks at the final throes of lawsuit activity connected to Irma claims and new entries into the A&H sector.
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Assignment-of-benefit claims spiked in June from the prior month.
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The losses were driven by severe weather events in Florida, Texas and Louisiana.
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Catastrophe losses will account for 65 percent of quarterly losses, the company estimates.
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The Florida Retirement System's ILS allocations reached $740mn at the end of last year and the body will consider scaling up further in 2021.