Stocks
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The CEO cited ‘no change’ in appetite from a shift in the capital mix. -
Total pre-tax cat losses for the quarter grew sixfold YoY to $135mn.
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Over 75% of insured losses attributable to severe thunderstorms, flooding and forest fires.
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Two Eclipse Re notes totaling $34.8mn were issued last week.
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The deal announced in its Q2 results came as the carrier agreed a take-private deal.
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Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period.
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The current guidance is that Beazley will publish an undiscounted CoR in the low-80s at full year.
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The negative L&H result was driven by reserve updates.
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The fund follows an earlier climate change-focused ILS initiative from the firm.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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The manager’s ILS allocation has grown by 16% since 31 October 2023.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
