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In other property, Helene and Milton will assure rates remain attractive, he added. -
D&O and D&F are also facing increased competition, but property remains price adequate.
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The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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The carrier’s retail division saw the largest growth at 4.7%.
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Major-loss expenditure doubled to EUR1.6bn for the quarter
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The carrier has pegged preliminary pre-tax Milton losses at less than $200mn.
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Hamilton reported a $30mn-$70mn net estimate for Hurricane Milton losses.
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Hurricane Milton is estimated to have a net negative impact of $275mn on Q4 results.
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The company has written over $100mn in gross premium in the US this year.
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The combined ratio included 17 points of catastrophe losses in the third quarter.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
