North America
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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The fast-moving blazes have prompted evacuations across the city.
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More than 4,000 acres are burning as thousands evacuate.
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The path to Howden’s new era is steep – but the opportunity is vast.
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In the US, pricing fell by 6.2% at the major renewal.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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The executive has also worked for AIG and Ace.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
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The broker said demand grew more slowly than reinsurer appetite.
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A California ruling could set an important precedent as other courts consider similar cases.
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