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The loss has decreased by 0.3% since the company’s third assessment. -
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 executive has 15 years of experience in meteorology and cat analytics.
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The fund was set up 18 months ago by cat bond investor Florian Steiger.
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William Soares moves from casualty and specialty CUO to president.
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Total yield was 10.93% as of 30 May, including 4.34% of risk-free rate.
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She was previously head of investor relations and business development for North America and Australia at Securis.
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HCI secured three towers with $3.5bn in XoL coverage.
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This followed a $650mn fall in April, after management change of the fund.
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David Baldwin joins from EIRS where he was a senior reinsurance consultant.
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Lyon joins the reinsurance broker from law firm Skadden, Arps, Slate, Meagher & Flom.
