FM Global ceded $1.48bn of losses to its reinsurers last year as a record cat burden that included heavy international losses drove the property insurance giant to a combined ratio of 121 percent and a net loss of $41.5mn.
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FM Global ceded $1.48bn of losses to its reinsurers last year as a record cat burden that included heavy international losses drove the property insurance giant to a combined ratio of 121 percent and a net loss of $41.5mn.
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