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The fires are being fanned by winds of up to 115mph around the towns of Superior and Louisville. -
The assumption of the policies, which the Florida-based insurer acquired for the price of the unearned premium, is retroactive to December 1.
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Homeowners MGA and insurer Lighthouse Management raised $65mn in a senior debt private placement in New York.
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The cat bond was triggered by Hurricane Harvey and 9/11.
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The carrier's first cat bond featured a new subrogation extension mechanism.
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As the renewal is expected to spill over into 2022, the two-speed market will put pressure on retro-reliant carriers.
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Arwen knocked out power for around a million UK homes.
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Pricing sheets appear to show little impact on aggregate ILS deals.
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While funding under a World Bank loan agreement is expected to flow, the 2019 cat bond protecting the nation was not expected to be at risk.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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The lawsuit claims CEO Tony Belisle misled the investor over risk levels.
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Pricing was generally stable but investors are showing more aversion to specific climate-exposed perils, sources noted.
