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Marine, property and reinsurance would contribute $100mn of total net losses, the insurer said.
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The insurer's Q1 net profit fell 25 percent to $600mn as cat losses were almost double those of Q1 2019.
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Modelling firms said there were too many variables to quantify the impact, but many factors could escalate claims.
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There were at least 121 confirmed tornado touchdowns from Texas to Maryland from 10-14 April.
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The scheduled capital release next month stems largely from 2019 side pockets, the company said.
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The carrier said its reinsurance protection would respond to the loss, but recoveries may be limited.
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Pricing on the transaction is up 12 percent, according to sources.
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The forecaster expects activity to be 5-10 percent higher than the past 10-year average.
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Insurers are increasingly turning to the state-backed reinsurer for capacity.
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The firm revised its 2019 estimate for insured disaster losses up by $4bn but kept Typhoon Hagibis under $10bn.
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The California body’s $900mn in bonds constitute 20 percent of unrenewed notes maturing before July.
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The platform transacted the most cat bond lite deals of 2019, with $300mn raised from such listings.