Reinsurers
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Reserve releases helped to recapture deferred fees. -
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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In the US, the index fell 6.7% year on year.
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The programme’s total limit this year is down $594mn to $1.36bn.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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In April, the loss modeller pegged losses at A$2.57bn.
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William Soares moves from casualty and specialty CUO to president.
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Weston Tompkins spent 10 years in an investor relations role at Securis.
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Up to nine million acres of US land are considered likely to burn.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
