Service provider
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Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors. -
Spectrum joins investors ForgePoint, Hudson and MTech.
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Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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The economic loss from the event was around EUR7.6bn.
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Losses were primarily driven by personal property lines.
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The tech firm is building a joint stock company with insurers and investors.
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Scott Cobon's most recent title was MD, insurance management services.
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Market participants have until 13 October to provide any comments.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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Both organisations still predict an above-average hurricane season.
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The forecast has increased since the early July update due to several additional factors.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The figure updates an April estimate of EUR696mn.
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His last role was ILW practice leader at Acrisure Re.
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The weather-modelling agency is predicting a below-normal season.
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Michael Hamer recognised for his work with investors and on reporting frameworks.
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Harry White has been with Verisk for 14 years, while Ted Gregory has been with PCS for 12.
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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 platform’s aim is to support the ILS industry in ‘getting the marks right’.
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Investors want transparency from managers regarding the impacts of climate change.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
