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The government-backed scheme has greater take-up in areas in Milton’s path. -
The Mexican cat bond offers $125mn of protection against Atlantic named storms.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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Parts of the Yucatan peninsula are under a hurricane warning, though the storm is expected to remain offshore.
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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The raise includes minority investments from Nationwide, Enstar and others.
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Richard Pennay will become CEO of Aon Securities.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The strategy invests in subordinated bonds issued by European insurers.
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The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.
