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The broker said the casualty segment is approaching an “inflexion point”. -
The firm is also integrating changes to its process to allow it to cover wider ground.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The figures imply first-layer reinsurance recoveries for Helene.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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Although the worst of the rainfall has passed, the “devastating episode” may not be over, Spanish prime minister Pedro Sánchez warned.
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Wayne Manning will assume responsibility for the Lloyd’s and London market team.
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Gabrielle Folliard has worked at Canopius since 2019.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
