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There is no such thing as an average loss year, but investors will still be looking for benchmarks.
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The 19bn-20bn rand claims quantum marks a steep increase from a mid-July estimate of 7bn-10bn rand.
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Hurricane Henri is seen as a minimal event historically as the world braces for peak hurricane season, which begins on September 10.
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Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.
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The group’s CEO Jörg Asmussen made the comments in Berlin on Wednesday.
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The second-largest fire in California’s history has so far affected mostly woodland areas.
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The earthquake that hit the island’s southwest peninsula on 14 August is estimated to have caused $1.7bn of total losses, according to the firm’s Caribbean earthquake reference model.
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The carrier said flooding in the country would have an impact of EUR55mn on its net results.
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Overall figure was driven by a deep winter freeze, hailstorms and wildfires and marked the second highest first-half figure behind 2011.
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Winds and high temperatures point to potential further growth of the blaze.
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The fire is the second largest in California’s history behind the August Complex Fire last year.
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Provinzial announced a EUR761.3mn loss, while Deutsche Rück’s costs could stretch to EUR230mn.