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The Floridian carrier bought 8 percent more cover than last year, inclusive of a $3.2bn core cat tower.
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Experts still forecast an average hurricane season.
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Preliminary data suggests the number of reported tornadoes in the quarter to date is the highest since 2011.
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The company’s reinsurance spend as a proportion of earned premium rose to 33.3 percent – up 2 percentage points.
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The tornado, rated an EF-4 and one mile wide, followed a spate of roughly 60 twisters that broke out across the Midwest.
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Protector and Munich Re are in arbitration in Norway over a claim relating to the 2017 fire which killed 72 people.
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It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
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NOAA reports that 60 tornadoes may have struck eight midwestern states on Monday.
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Sister publication Inside P&C examines the first-quarter results from the US.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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The dispute relates to a portion of Protector’s claim for the fire that centres on an additional facultative cover.
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The reinsurance broking start-up is set to close after just eight months.