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The carrier is designing an investable portfolio of long-tail risk. -
The Australian insurer will have $1.7bn of core XOL cover this year.
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Sponsors still secured terms that were favourable relative to traditional cover.
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Pricing for both falls at the lower end of the recently updated estimates.
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Pricing settled toward the lower end of guidance.
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The event occurred a fortnight after major North Island flooding in New Zealand.
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The reinsurer’s assets under management rose 14% to $3.3bn.
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Monthly cat losses were driven by two major events.
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The bond is trading at 70c-75c in the dollar in the secondary market.
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Arm is based in Guernsey and has a Bermudan management licence.
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Its property cat aggregate cover renewed with improved coverage.
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There were 10 fatalities, mostly due to drowning or tree fall accidents.
