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Both carriers have extensive reinsurance coverage. -
Aviation reserve strengthening added 10.1 points to the combined ratio.
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This year’s coverage will involve $2.94bn of new risk transfer.
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These events can also no longer be considered secondary perils, executives said.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Almost 300,000 people have been left without power from the storm.
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He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.
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The programme structure was expanded, but it is unclear what percentage was placed.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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The combined ratio improved by 0.5 points to 75.7%.
