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.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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Newsom has yet to sign a pending bill to create a public cat model.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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Deals would need to be sized at $50mn plus for transfer to capital markets.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The tech firm is building a joint stock company with insurers and investors.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The data modeling firm said losses previously averaged $132bn annually.
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The violations included not using propertly appointed adjusters and failing to pay claims.
