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The $632mn tally was up from $290mn reported in April 2019.
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The US government agency said it expects between three and six major hurricanes in the Atlantic Basin this season.
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The cat bond is set to pay up to 125bps more than last year’s Alamo Re deal, which has a near-identical risk profile.
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Launched late in the renewal process, Casablanca Re is offering spreads of 600-850 basis points.
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Scientists said there is a 69 percent chance a Cat 3 or stronger storm will make US landfall this season.
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After the immediate claims hit, reinsurers face the prospect of harder rates but shrinking premium volumes in some lines.
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The carrier is one of a few that offers affirmative BI cover.
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The parametric trade for a European asset owner in the advertising industry provides cover according to wind speeds near billboard locations.
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Around one-eighth of the Corporation's estimate related to property reinsurance specifically.
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Some argue that what appears to be a stepping back by Japanese investors may just be a pause as investors switch managers.
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The crisis may impact insurers for several quarters, but could offer opportunities for new entrants, industry leaders said at the digital Insider US conference.
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The insurer has forecast a total hit of $750mn for 2020 across all lines.