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The loss aggregator raised the quantum from its third estimate of A$6,292mn, put out in early September.
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According to the ICNZ, 48,000 claims have been lodged, with NZ$111mn of insurance claims paid so far.
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Higher rates and reserve releases connected to Hurricane Ian boosted results.
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The Florida insurer recognised a major increase in Ian losses in Q4, rendering its personal lines carrier insolvent.
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The manager’s life & alternative credit segment invested in the reverse mortgage specialist.
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More than 239,000 insurance claims relating to the event have been lodged, according to the ICA.
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The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.
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The insured losses include those to private insurers as well as to the Turkish Catastrophe Insurance Pool.
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The loss estimate rose from a previous figure of EUR3.7bn issued six months ago.
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An influx of Gabrielle claims comes on top of more than 21,000 IAG already received due to the floods that struck Auckland in January.
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The insured loss figure is higher than that estimated by Verisk, which said losses would exceed $1bn.
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As New Zealand has been hit by two major cat events in succession, Australian carrier Suncorp said the retained cost of any second declared event in the country will be NZ$25mn ($15.7mn).