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Sources estimated combined property and crop claims could reach $4bn up to $10bn.
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The research firm puts average Covid-19 losses as a percent of net earned premium at 4.4% in the first half.
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Does the collective edge of apprehension over storms add to the factors for 2021 rate correction?
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Australian carrier’s expanded reinsurance structure kept net cat costs at A$820mn.
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Waterdrop has been valued at nearly $2bn in the funding round.
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Owner Tawa had in 2015 made a failed attempt to sell the run-off business, whose book includes asbestos and other health liabilities.
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The beleaguered carrier raises $380mn through the sale of new stock.
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The new arrival will be an executive committee member and report directly to president and CEO Peter Hearn.
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Retro specialist Richard Wheeler will head the unit, which will focus on sourcing third-party capacity.
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The research firm says the pandemic will become the leading example of “silent” coverage uncertainty.
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Sue Ringold and Bill Orendorf will join Roman Romeo’s team in Bermuda.