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The home and auto carrier has received around 5,000 claims so far. -
A further £40mn of claims were fully settled in the month to 7 March, according to the regulator’s latest data release.
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There are potentially multi-billion insurance exposures from leased aircraft in Russia.
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The carrier lifted its estimated net natural hazard costs for the year by A$25mn to A$1.1bn.
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It is understood that MS Amlin leads the placement, which is brokered by Marsh.
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The findings of the Corbin & King case could have both widened coverage and increased the aggregate businesses can claim.
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The claims count from New South Wales rose by 12% over the weekend.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
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One source noted that the conflict could be equivalent to several years’ worth of losses to the political violence market.
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The claims count on day 18 of the flooding stands at 118,016.
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The insurer has used up about 40% of its aggregate reinsurance limit, after quota share impacts.
