-
Insured losses from the Christmas storms reached $968mn. -
-
The cover will include the 50 US states, District of Columbia and Canada.
-
The vehicle’s loss ratio improved 66 percentage points YoY.
-
The firm was founded in 2015 to help clients raise capital.
-
The Lloyd’s legacy business has been placed up for sale, along with other units.
-
The approval takes account of several out-of-court settlements.
-
The US tallies $97bn in economic losses from major perils each year.
-
The bond will insure against named storms in eight US states.
-
Munich Re said it saw no reason to lower its expectations.
-
The carrier announced a capital repatriation plan of EUR3.5bn.
-
The vehicle is 52% larger than it was at launch 3 years ago
