Wildfire
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The Insurance Bureau of Canada said the blaze damaged one-third of the Jasper community. -
The regulations have been officially published online, with a hearing to be held next month.
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The ratings agency warns that wildfire is an increasingly risky and unpredictable peril.
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Its Class 13 and 14 notes priced roughly at the midpoint of expectations.
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The partnership seeks to serve corporates with captives, Lloyd’s syndicates and ILS funds.
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The cover will be triggered on an indemnity, annual aggregate basis.
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He will oversee the syndicate’s catastrophe modelling capabilities.
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The RfP covers the CEA and/or the California Wildfire Fund.
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Insured loss estimates are not yet available.
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The insurer confirmed it would be targeting 77% of the original principal amount.
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The carrier has also lifted the effective coupon to 29.9%.
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The sponsor had initially sought $150mn of coverage last month.
