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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption. -
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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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis.
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Allocators are waiting for 2024 to pan out, according to Hiscox CEO Aki Hussain.
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The board of directors has voted for a 10% rate hike.
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Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
