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This comes in at the lower end of the initial spread guidance of 725-775 bps. -
The investment consultancy said yields increased in Q2 by less than could have been expected.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The company said the reduction was due to years of steady improvements.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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PCS's loss estimate for the March Missouri SCS pushed the bond beyond its exhaustion point.
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The Californian insurer had a private deal, Randolph Re, that provided pure wildfire protection.
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In April, the loss modeller pegged losses at A$2.57bn.
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The loss has decreased by 0.3% since the company’s third assessment.
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The number has expanded by around 40% from an earlier update, sources said.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The executive has 15 years of experience in meteorology and cat analytics.
