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As new modelling tools emerge, we look at the benchmarks that ILS managers believe are appropriate for long-term stress tests and the shorter-term challenges. -
The storm system is expected to become Tropical Storm Claudette.
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It will be the insurer’s first foray into the cat bond market.
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JP Morgan took 75% of the £650mn reinsurance deal, which reduced credit risk and showed that the insurance market has regained the trust of the financial services industry, Lloyd’s CFO said.
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The figure was significantly down on the prior month’s $544mn, and also came in 39% below the year-ago loss tally.
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The model uses research and technology to provide insurers with a more in-depth view of risk when submitting risk filings in Florida.
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Dimosthenis Tsaknias is to lead the InsurTech’s worldwide flood modelling.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The news marks the second year in a row members have ceded more than $1bn in risk to the Caribbean Catastrophe Risk Insurance Facility.
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The California Insurance Working Group suggested the policy to cover areas with high wildfire risk.
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Funding from the UK and Germany will support early action and the managing of disaster risks in less wealthy countries.
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The new law limits insurer liabilities for attorney fee suits against insurers and reduces time limits for claims.
