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The raise includes minority investments from Nationwide, Enstar and others. -
The executive has worked for Hamilton for over a decade.
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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.
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The performance marked the best August for ILS since the index incepted in 2006.
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The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.
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The storm made landfall as a major hurricane in Florida’s Big Bend region.
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The manager is hopeful of closing all contracts by the end of 2024.
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Only three storms have impacted a larger area than Helene since 1998.
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The cat bond application process will be streamlined to 10 working days.
