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The Class B notes on the carrier’s debut deal attach at $500mn of losses. -
Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Claims at 9M were 15% higher than the same period in 2023.
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The floods add to an already historic loss tally for Canada in 2024.
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The market grew at a rate of 32% annually from 2017 to 2022.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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The market reacted to the $2.4bn charge in a positive light.
