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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer. -
Kin’s reinsurance structuring means the bond’s losses will be kept to a minimum.
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‘Life-threatening’ storm surge and hurricane-force winds expected for the state, according to the NHC.
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Francine is expected to make landfall in Louisiana tomorrow.
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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.
