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The storms struck Victoria, New South Wales and Queensland. -
This puts the total cumulative cash proceeds received at $319mn.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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A look back at the year in (re)insurance, with the aid of some of our visual journalism.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The index is a three-year strategic project to track social inflation by analysing personal injury awards.
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There has been increased W&I appetite in South American jurisdictions.
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Losses are concentrated in the states of Baden-Wuerttemberg and Bavaria.
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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The carrier attributed the intensification of storms this season to climate change.
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Lloyd’s has taken around 6% of aggregate US hurricane losses in recent years, and disclosed estimated net losses from Helene and Milton of $1.8bn to $3.4bn.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
