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The performance marked the best August for ILS since the index incepted in 2006. -
The loss estimate covers Czechia, Poland and Austria.
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Key floods this year outside of the US include the Rio Grande do Sul.
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The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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Paul Bantick will continue to oversee the cyber risks division during the search for his successor.
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The numbers will be refined further to arrive at an industry loss estimate.
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Moody’s described Hurricane Helene as “like Idalia but worse”.
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The storm made landfall as a major hurricane in Florida’s Big Bend region.
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The ratings agency expects insured losses of around $5bn for Helene.
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The manager is hopeful of closing all contracts by the end of 2024.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
