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The figure is well above the historical average of $39bn for this century. -
Hennon spent 17 years as professor at the University of North Carolina.
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Allstate’s total pre-tax cat losses for H1 2024 were $2.85bn versus an estimated $4.39bn in H1 2023.
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Most of the losses occurred in Bavaria and Baden-Wuerttemberg.
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Twia’s analysis showed existing rates were inadequate.
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The biggest losses were from wind damage after the storm’s Texas landfall.
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Relentless focus on annual outcomes provides a packaging that doesn’t fit the purpose.
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Uncertainty around the quantum remains due to policy deductible variation.
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He left his role as portfolio manager at Hiscox Re & ILS last year.
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Industry losses of $800mn-$1.2bn are expected from Beryl's impact in Texas.
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Hurricane Beryl was a “harbinger of a hyperactive season,” CSU said.
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Chief science officer Steve Bowen said it was still too early to provide precise insured-loss estimates.
