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The run-off acquirer spent $5.73mn to increase its stake from 5 percent.
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North Carolina is on high alert after inland flooding and high winds damaged tens of thousands of homes. -
NFIP reinsurers will be untapped for losses under $4bn, analyst Amit Kumar predicted.
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The losses were largely expected to stem from Osaka.
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The National Hurricane Center predicts catastrophic freshwater flooding from the Category 1 hurricane.
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If one thing was apparent this week in the French-speaking principality of Monte Carlo it was the collective “bof” that delegates emitted about the imminent arrival in the US of Hurricane Florence.
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The Bermuda reinsurance vehicle is set to co-invest alongside Catalina in major UK legacy deal with Zurich.
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It is understood the performance management directorate has issued up to five run-off letters to Lloyd's syndicates.
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Liability cover and a separate D&O policy held by the bridge operator’s parent could also come into play.
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Both AIG and Allstate turn to aggregate protections following sequence of mid-sized losses in 2017.
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The carrier has a 19.44 percent share for homeowners' risks and 18.72 percent for private auto.
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The run-off book is said to hold around $500mn in reserves.
