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Losses from the larger fire will amount to $20bn-$25bn, the modeller said. -
The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
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Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
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The court will consider appeals against initial judgments that found in policyholders’ favour.
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The broker said disaster data can attract more risk capital.
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The pool services a number of public authorities in California.
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Severe convective storms accounted for 41% of last year’s insured loss load.
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The executive has also been made Syndicate 2015 active underwriter.
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UK regional division CEO Steve Bashford has retired.
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The vehicle has $2.55bn in capital committed by institutional investors.
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There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
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The estimate has reduced slightly since the modeler’s last update in October.
