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Francine is expected to make landfall in Louisiana tomorrow. -
The estimate from the Perils-owned company does not include any losses from Hurricane Debby.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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A hurricane watch is now in effect for the Louisiana coastline.
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He will be based in the Bermuda office and work to develop the underwriting associates.
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Most of the ILS capital was attracted to the cat bond market.
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ILS brokers are pitching for Sanders Re and ResRe transactions.
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Cat bond funds continue to draw interest as private ILS more challenged.
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The headline figure of $7.15bn includes $2.91bn of DaVinci equity plus debt.
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Some Canadian cedants have approached the market for top-up cover.
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The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.
