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The new framework will be put in place in 2020 to help manage the market’s risk appetite and performance. -
Ten months on from Typhoon Jebi, there is still considerable uncertainty around why the storm’s insured losses are expected to be so much higher than the initial modelled figures.
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The streak of tornadoes in the US this May means 2019 is set to have highest level of activity since 2011 but the impact on (re)insurers will be offset by lower than average hail events.
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The reinsurer is looking to pay more rate to secure retro cover in a tightening market.
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Congresswoman Maxine Waters said the National Flood Insurance Program has experienced twelve short-term extensions resulting in brief lapses since fiscal year 2017.
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The maturity dates for Blue Halo Re Series 2016-1 Class A and Resilience Re Series 1861A notes have been extended, according to the Bermuda Stock Exchange.
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Timing is everything and, for the reinsurance market, this is especially true when it comes to losses.
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The total is 7.8 percent more than Perils’ EUR740mn first estimate on 18 April.
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The Eurekahedge ILS Advisers Index dropped by 0.7 percent during the month.
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The insurer placed less coastal aggregate cover than originally planned.
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A total of 857,284 claims have now been received for the typhoon event, according to the General Insurance Association of Japan.
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The total of insurance claims is up from the $6.1bn recorded in March, according to the Florida Office of Insurance Regulation.
