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WTW sold Willis Re to Gallagher in 2021 for $3.5bn. -
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The loss figure has increased 200% from the initial number provided in October.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The group reported a combined ratio of 91.2 for the period.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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The company said it is still on target to achieve $3bn net income for the full year.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
