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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery. -
The ILS business increased H1 fee income by 13% to $68mn.
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Ernesto is expected to track past Bermuda on Saturday with hurricane conditions.
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Moody’s also predicts losses to the NFIP at less than $300mn.
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The peril can no longer be considered secondary, according to Gallagher Re.
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Both groups continue to call for a highly active season, however.
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The losses were not passed through to the firm’s ILS business.
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Sidecar vehicles are being tailored to match investors’ objectives.
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Several bonds suffered declines in value from February to July.
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Debby should be a “very manageable” storm for the (re)insurance market, it said.
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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
