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The ILS manager expects “minimal, if any, losses” to bonds in its funds.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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A hurricane warning is in effect from the Anclote River to Mexico Beach, Florida.
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Maya Henry will be tasked with raising capital and managing clients in North America.
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A storm surge warning is in effect from Flamingo to Indian Pass.
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The storm could become a major hurricane by Thursday.
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July and August floods and fires caused the bulk of the insured loss burden.
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The system is forming in the same area as 2022’s Hurricane Ian.
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The ETF format provides for publication of a daily NAV.
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Fifteen events caused estimated losses of $306mn.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.