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Rip tides and storm surges are expected in Bermuda next week as a result of the storm.
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F&I has annual revenue of about $10.5mn.
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Ekhosuehi Iyahen joins the (re)insurance industry partnership from African Risk Capacity.
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The $25mn cover will attach once Enstar has absorbed $100mn of adverse claims development on the $1.3bn run-off book it agreed to acquire last week. -
Following a benign first half of the year for catastrophe losses, the ratings agency is expecting negligible rate rises in 2019.
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The carrier wants to double the cap to accommodate acquisition opportunities.
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The Japanese typhoon has an intensity equivalent to a Category 1 hurricane.
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The storm is forecast to bring heavy winds and storm surges of between two and four feet to the mouth of the Mississippi.
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The deal will also see $1.3bn of legacy reinsurance liabilities sold to the run-off acquirer.
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The Apollo-backed legacy player is close to a deal to take on past liabilities of $1.1bn third-party book.
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The performance represented an improvement from the 6.8% the industry produced in the same 2017 period.
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The ceiling is just $10mn more than Aspen’s Q3 cat losses
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