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The July downtime will increase relevance, demand and innovation for the market. -
The losses were not passed through to the firm’s ILS business.
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Everest losses ceded to Mt Logan grew by 63% to $26mn.
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Debby should be a “very manageable” storm for the (re)insurance market, it said.
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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
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The deal takes year-to-date cat bond lite issuance to $367.6mn
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The carrier estimates the total industry loss for the Microsoft/CrowdStrike outage at around $1bn-$2bn.
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Winters will step down as co-head of portfolio management at the end of 2024.
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The loss is based on modelled outputs, as opposed to an initial loss estimate.
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The CEO cited ‘no change’ in appetite from a shift in the capital mix.
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