Insurers
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An “extraordinary” proportion of storms reached Category 5 status this year. -
Demand for top layer coverage may also need to be supported by underlying market growth.
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The peril has been historically difficult to model compared to others.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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Japanese firm MS&AD acquired 80% of ILS manager Leadenhall Capital Partners in 2019 from another affiliate.
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The charity said that improved ecosystems could help protect from disasters.
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Widespread underinsurance and low exposures will limit losses.
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Many commercial risks will have London coverage, but insured values are relatively low.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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Competition on price from traditional markets is weighing on bond market momentum.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
