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The deadline for Lighthouse Excalibur policy cancellations has been extended to 30 June. -
The cancellations contribute to a total of around 100,000 affected homeowners in the state.
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The US P&C carrier is putting more premium through its captive.
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Despite capital infusions into the firm, the Florida insurer was unable to stave off receivership.
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The carrier’s below-FHCF layer is 29% unplaced.
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The losses were caused by 14 events, most notably wind and hail in Texas, the Midwest and Canada.
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The decade from 2010 ran the full gamut of catastrophe loss experience, reminding us that there is no such thing as a "new normal" in the world of ILS.
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The varying treatment of the flood losses raises questions over how the industry should define flood events.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Reinsurers secured concessions on terms and hiked rates as most insurers managed to patch together cover to enter hurricane season.
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The cover offers protection for a one-in-160-year first event.
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The weather system has arisen early in the season when some insurers are still yet to renew reinsurance.
