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Shares dipped more than 5 percent as of midday in New York but pared losses by the close of trading.
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The reinsurer pegged global insured losses at $25bn, and overall cyclone losses at $51bn.
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Improved pricing and strong industry capital have led to Fitch to revise its outlook on the US P&C sector to stable.
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That figure is?nearly double the $2.03bn in claims registered with the Floridian regulator through the end of October.
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AM Best warned that without strengthening, reserves for asbestos and environmental exposures are on track to be exhausted in seven years.
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Even the best-laid plans rarely survive the briefest of exposures to harsh reality. Insurance is a case in point.
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New business written this year for launch in 2019/2020 is unlikely to exceed $350mn.
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Low earthquake insurance take-up rates and high deductibles will mean insured losses from the event will be low.
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AM Best has also downgraded Merced to F after the company was "overwhelmed" by wildfire claims.
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The set of I’m a Celebrity, near the Queensland border, is reportedly at risk from the blazes.
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The 7.0 magnitude quake damaged almost 50 roads and bridges
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The fire tore through Los Angeles suburbs, including the wealthy shoreline enclave of Malibu.
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