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The earthquake was 250 times less strong than the 2011 Tohoku disaster.
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Ceded premiums earned were also up by 27.7% due to new quota share agreements.
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The carrier lifted its estimated net natural hazard costs for the year by A$25mn to A$1.1bn.
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The claims count from New South Wales rose by 12% over the weekend.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
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The claims count on day 18 of the flooding stands at 118,016.
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Catastrophe reinsurers are already off to a messy start for the year and may have eroded a significant part of their year-to-date Q1 cat budgets as floods are still unfolding in Australia following recent European/UK windstorms.
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The insurer has used up about 40% of its aggregate reinsurance limit, after quota share impacts.
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Insurers have received nearly 107,844 claims relating to the Southeast Queensland and New South Wales floods.
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The Floridian insurer said the write-down reflected prevailing valuation multiples.
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The first month of the year was quiet for natural catastrophe events.