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Throughout the year underwriters have complained that losses from Hurricane Irma have been creeping meaningfully.
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Before Florence and Michael, rate reductions had looked set to resume.
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Jebi, Mangkhut and Trami take their toll on the carrier's results.
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The carrier expects October’s Hurricane Michael to cost it up to $10mn, net of reinsurance.
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The Bermuda-based reinsurer’s high net investment income offset its loss on underwriting.
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Ten killed after heavy rain and storm surge.
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The storm’s projected losses tabulated by insurers have more than doubled in the past 10 days.
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Japan all peril likely to see rate uplift, but competition pressures are expected to limit increases in China.
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Although estimates for the Q3 disasters vary, in aggregate the events are likely to generate insured losses north of $10bn.
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The carrier first wrote the full limit of the aggregate deal in 2015.
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The company took a hit from increased estimated losses from Hurricane Irma, and current quarter losses from Typhoon Jebi and Hurricane Florence.
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The conditions of Wyatt’s departure, including his next location, are currently unclear.
