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Data shows that nat cat losses in Canada have increased substantially this century. -
Returns were down on 2023, which benefited from favourable Ian loss development.
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Nat cat events triggered A$1.23bn of losses during the year.
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The regulations have been officially published online, with a hearing to be held next month.
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Rising premium income is not keeping pace with the increased cost of claims.
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Winning higher-fee private ILS mandates will strengthen firms’ negotiating positions.
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The storm made landfall on Saturday as a Category 1 hurricane.
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Ernesto’s maximum sustained winds have reached 100 mph.
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
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Flights cancelled as typhoon ramps up to Cat 4.
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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
