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The 2020s is the key decade for action to limit global warming and its impacts. -
The firm’s 2020 edition cat bond has also lost $3.2mn.
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Insurers will prioritise claims made by affected policyholders, and claims will be triaged to direct urgent assistance to the worst-affected property owners
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This estimate would rank Eunice as the most damaging European windstorm event since Kyrill in 2007.
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The ruling deemed that the restaurant group was entitled to separate payouts for multiple premises.
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In its earnings call, the firm said lower policies in force and higher premiums would increase the firm’s top line
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CEO Mumenthaler emphasised cat as a “core competence” for the carrier.
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The company deepened its overall net loss to $48.1mn, as it said non-cat losses and Hurricane Irma creep contributed to reserve deterioration.
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The carrier’s P&C unit delivered a $2.1bn net profit that compared to a loss of $271mn the prior year.
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The start-up Bermudian reinsurer has focused initially more on quota share.
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The firm said its results reflect its aim to return to profitability in 2022.
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The carrier took a net EUR838mn of cat losses in the full year.
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