Property cat
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Steve Lawrence and Andrew Whittaker join from European Property Underwriting and will start with immediate effect.
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Fire season in the US ran slightly later than usual in 2021, but total losses will fall far short of 2017-18 peaks.
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The catastrophe market, inflation and loss-costs and the pandemic unwind are among the trends to shape the news agenda this year.
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Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.
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The fires are being fanned by winds of up to 115mph around the towns of Superior and Louisville.
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The country’s insurance industry is also contributing to a flood relief fund.
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Extreme flooding combined with hailstorms led to Germany’s worst loss year since records began in 1970.
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Arwen knocked out power for around a million UK homes.
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The ratings agency has proposed a significant change to how it assess insurers’ risk-based capital adequacy.
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Both gross and net exposures increased in the pandemic year, but net PMLs rose faster, a modelling report from the BMA shows.
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Jefferies’ report shows that cat losses have been spread across a broader range of perils and regions this year.
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The flooding had ‘catastrophic’ impacts on the province including damage to homes and agriculture.
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