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The new guidance is the first update to Bermuda's SPI framework.
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Notices of legal action jumped 65% year on year to an all-time high in H1 2020.
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This week the team looks at the final throes of lawsuit activity connected to Irma claims and new entries into the A&H sector. -
The carrier said $130mn of pre-tax Covid-19 losses came from its reinsurance segment.
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Assignment-of-benefit claims spiked in June from the prior month.
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The losses were driven by severe weather events in Florida, Texas and Louisiana.
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This week the team looks at the underperformance of Bermudian syndicates at Lloyd’s.
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Catastrophe losses will account for 65 percent of quarterly losses, the company estimates.
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The $50.25mn Randolph Re Series 2020-1 private cat bond will mature after one year.
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The (re)insurer said Covid-19 losses would account for about $170mn-$180mn of the claims tally.
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The Florida Retirement System's ILS allocations reached $740mn at the end of last year and the body will consider scaling up further in 2021.
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The claims emanate from 14 weather events and amount to $12.8mn on an after-tax basis.
