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The ILS manager also swung to an operating profit after posting a loss in Q1 2024. -
All 29 funds tracked by the index returned a positive performance.
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The initial offering will include 6,875,000 shares of common stock.
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The carrier is offering shares priced at $29-$31.
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Growing economic and population exposures are driving potentially larger insured losses.
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The casualty ILS business now has $175mn in capital.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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Renewal rates were favorable compared to what could have happened after several hurricanes.
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His leadership roles included overseeing the firm’s capital solutions group.
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The firm’s assets under management were down $300mn in Q1 as performance fee income was hit.
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January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
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The carrier announced a major writedown in its L&H book last year.
