Stocks
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Early evidence is leading the (re)insurance market to hope the storm can avoid the development curve of its 2017 predecessor Hurricane Irma. -
Excluding agriculture, Chubb’s P&C CoR rose to 85.9% in Q4 from 85.4% the prior-year quarter.
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More rain is forecast for Auckland, with three 'heavy rain warning – red' notices issued today.
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The decisive move to replace Laurent Rousseau early in his CEO tenure was about “timely decisions”, the Scor chairman said.
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The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.
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Chairman Kessler remains in place until the 2024 General Meeting when he will stand down on hitting the age limit of 72.
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The world’s largest investment company has assets under management of more than $10tn.
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The company's portion of net written premiums from Fidelis is expected to be around $550mn to $600mn for the full year.
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Beazley’s bond was hailed as a “great first step” but challenges remain, although others are already working on narrower cloud outage transactions.
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The transaction is the first proportional deal for cyber risk in the capital markets.
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The sidecar has been taking on more cyber risks in recent years, sources said.
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The sidecar takes a 25% quota share of CCR’s worldwide property cat book.
