Reinsurers
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The bond will provide coverage for Japan typhoon and flood on an indemnity, per-occurrence basis. -
Lara Martiner joined Allianz in 2011 as group legal compliance officer and legal counsel.
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Sources warned some property XoL books are already running 50% loss ratios.
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Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.
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This will be the third cat bond issuance through Baltic Re PCC.
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The insurance industry has experienced mounting losses from severe convective storms.
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Premiums ceded to the ILS vehicle increased by 76% to $433mn.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
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The largest individual net loss at EUR230mn was caused by Hurricane Milton.
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Almost 300,000 people have been left without power from the storm.
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RAA president Frank Nutter says he hasn’t been able to get an update on the project from the now Trump-led NOAA.
