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The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability. -
Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually.
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The model uses machine learning and daily data to forecast hurricane seasons.
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Reinsurers are much better placed to absorb cat losses; insurers are carrying more risk.
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The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
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The company increased its full year 2024 adjusted net income guidance.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
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The proposals include increasing either statutory or CRTF funds.
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The program includes all perils coverage and third-event protection.
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Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
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The carrier reported 1 April price increases of 3.2%.
