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The insurer's losses approached 80 percent of the private cat bond's trigger.
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Around 80,000 properties remain under threat from the fire, which is only 5 percent contained.
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According to the Insurance Council of Texas, the outbreak on 20 October is the costliest tornado loss in the state’s history.
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Thousands have been evacuated from their properties as wildfires break out in Sonoma County and Los Angeles County.
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Scor Global P&C CEO Jean-Paul Conoscente said the reinsurer’s main retro programme is expected to be placed within a fortnight.
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Large loss estimate ranges are arguably just masking risk modelling limitations – not improving themBenjamin Franklin apparently once said that ‘nothing in life is certain except death and taxes’ – and it seems like the adage resonated with the risk modellers of the (re)insurance industry.
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The New Zealand Government Superannuation Fund’s ILS holding has dropped to 5.5 percent of total assets.
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The carrier retained EUR92mn for Hurricane Dorian and EUR89mn for Typhoon Faxai.
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Over 70 percent of the losses come from Hurricane Dorian.
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The firm is the first risk modeller to issue an official estimate after the typhoon made landfall in Japan on 12 October.
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The Texas-based military insurer is offering double-digit premiums across two tranches of its second bond of the year.
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The Japan Meteorological Agency has warned of heaving rain and flooding across several coastal prefectures, but the threat to Tokyo has diminished.