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The awards event will be held on 27 June at The HAC, London. -
Increased ILW purchasing reflects cash-rich funds looking to protect return levels.
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As a result of mostly flooding, £474mn of losses occurred in the UK.
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Researchers expect 15-20 named storms to form in the Atlantic Basin.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Sums insured for European windstorm increased by 10.1% due to inflation.
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Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
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Retained earnings resulting from reduced loss activity also helped to boost ILS capital.
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The syndicate snatched the number one spot from Chaucer’s Syndicate 1176.
