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The claims count on day 18 of the flooding stands at 118,016. -
The reinsurer exceeded its large-loss budget by $166mn.
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The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.
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Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.
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The company’s reinsurance assets rose 7.3% from December 2020 to December 2021.
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The ICA said insurers had received 96,844 claims to date.
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The company hired Ambac’s Scott Snyder as president of fronted programs.
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Pool Re offers protection against terrorism in England.
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A majority of claims, 72%, are from Queensland and 28% are from New South Wales.
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The Senate bill contains a highly debated provision that could cause homeowners to face a new deductible for roof-damage claims.
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Claims have reached 67,537 since yesterday’s update.
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The insurance trade body has called on governments to increase actions to mitigate risks.
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