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The sidecar’s 53 percent loss ratio was well below last year’s huge claims hit. -
The storm killed 44 people, according to reports.
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The agency has raised its forecast number of named storms to between 10 and 17, up by one to two events.
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The broker puts insured losses from Barry at $300mn, with a total economic loss of $600mn.
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CFO Vogel says he sees no further net impact from the Japanese event after first-half loss creep.
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Tropical Storm Risk predicts 13 instead of 12 named storms due to a change in trade wind speeds.
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The Florida insurer took $17mn of weather-related losses.
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The reinsurer released EUR360mn of reserves during the quarter.
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The insurer sounded a cautious note on cyber ILS plans after previously saying it had done some test deals.
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Its parent career restarted writing business in Q2, assuming $1.1mn of premiums.
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Industry leaders have lifted the expected total loss to a new high.
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CEO John Forney said it was a “tough quarter” for the business.
