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The firm has helped underwriting businesses secure $3.5bn in capital. -
The loss tally is considerably lower than estimates issued by model vendors.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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The pension scheme has been winding down its ILS portfolio in recent years.
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The deal would represent a diversifying auto risk deal.
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Pricing is expected to “stay neutral of soften” for January renewals.
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The firm still expects to deliver positive net income for Q3 2024.
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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
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Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
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The company said $13bn-$22bn will come from wind damage.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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Florida domestics, aggregate retro and flood deals were all marked down.
