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The coverage will be parametric based on the central pressure of the storm. -
Modelling has taken a conservative approach over the last quarter of a century.
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The final pricing is as the top end of the recently updated estimate.
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Initially, the government sought $360mn of coverage.
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FHCF rates are also projected to decrease by a statewide average of 7.38%.
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The firm said it was poised to build on ‘significant growth’ in 2023.
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The bond offers named storm coverage in Florida.
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Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
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The carrier had initially offered a spread of 700-750bps.
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This follows the broker's rebrand in October last year.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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Tremors were felt as far north as capital city Taipei.
