California
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Up to nine million acres of US land are considered likely to burn. -
The deals covered Euro wind and Italy quake, Florida hurricane and a retro bond.
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The ILS market has won market share at the top of programmes as buying expands.
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The bond is offering a spread range of 850-925bps.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The insurer has not decided whether to sell its Eaton subrogation rights.
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Richard Pennay also addressed the dip in cyber ILS activity.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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Portfolio rebalancing was not triggered last week, but investors are now distracted and nervous.
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KCC is part of the CDI’s review into creating a public wildfire cat model for insurers.
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The carrier has received 12,300 claims as of 28 March.
