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Most damage to private and commercial property was covered, but agriculture losses were uninsured.
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SVP Jeremy Waite will head the operation, while continuing to lead the firm’s property treaty broking team for Australia and New Zealand.
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The catastrophe modeller made the estimate using a new climate change risk model.
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The reinsurer recovered 24% of its gross major losses from retro partners.
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The firm reported an industry-wide loss of $36.8bn caused by the pandemic, up from $29.5bn in Q3.
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The initial loss figure was A$1.23bn, with a second report putting the loss at around A$1.3bn.
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The hurricane made landfall in Alabama on 16 September 2021 and swept through a number of southern states.
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Claims from hurricanes Laura, Delta and Zeta had been estimated at $7.7bn as at the end of last year.
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A series of devastating hailstorms has struck Texas and Oklahoma in what BMS meteorologist Andrew Siffert has described as a “billion-dollar hail loss event” for insurers.
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The Earthquake Commission paid eye-watering increases in the years following the events.
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The insurer remained in underwriting profit despite the winter storm losses.
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Covid-19 losses remained stable as the insurer said rate rises should endure.