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Absent more significant reform, any changes this year look set to simply shift the timing of burdens falling on the public purse. -
The latest raise takes the satellite firm’s total financing to $304mn.
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The carrier’s whole-account XoL retro also shrank by a similar margin.
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The ILS firm’s management fees, however, fell back compared with 2020.
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The carrier expanded premium by 8.3% at the January renewal.
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December gains of 0.05% marked the third consecutive positive monthly return.
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The private equity fund has identified modelling and risk transfer as areas of focus.
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As of December 31, 2021, policyholders have filed 434,633 claims of all types from Hurricane Ida, with 83% of them already closed.
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The company will use the funding to invest in new software hires and expansion in Hong Kong and Madrid.
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The company aims to make its services more recognisable
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State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature.
