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Post-Covid demand surge is a particular focus and fear.
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Twelve Capital said that typically 70%-80% of aggregate cat bond deductibles remain after earlier loss events.
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Ida has weakened to a tropical storm after knocking out power to New Orleans and other coastal areas of Louisiana overnight.
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Pre-landfall livecat ILW interest was marked by a $15bn-$20bn split in buy/sell appetite.
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It is currently expected to make landfall on the Gulf Coast of Louisiana in the early hours of Monday morning.
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Around EUR6.5bn of losses will come from the residential buildings, household contents and business claims, and around EUR450m will come from automotive claims.
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Platforms are the most at risk offshore energy asset, with 1,651 exposed to the current trajectory of Ida, while bulk carriers are the most exposed marine asset, with 100 currently exposed.
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Most of the damage occurred in Mexico as the country weathered an estimated $300mn of losses.
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The risk modeller said Henri’s weakening before landfall spared the northeast US from the damage originally forecast.
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Hurricane Henri is seen as a minimal event historically as the world braces for peak hurricane season, which begins on September 10.
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The hurricane made landfall near Tulum, registering a 986mb pressure reading.
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It is expected to hit Mexico’s east coast early on Thursday morning before moving on to the southwest Gulf early on Friday.