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The CEO said the carrier will prioritise margin over top-line growth. -
The forecast has increased since the early July update due to several additional factors.
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California wildfires account for $40bn of the insured loss tally in H1.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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US events accounted for more than 90% of global insured losses.
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Volante joins capacity providers Allianz and Tokio Marine Kiln.
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The weather-modelling agency is predicting a below-normal season.
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The changes affect operations in Switzerland, Bermuda and the US.
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The company said the reduction was due to years of steady improvements.
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The program’s total limit this year is down $594mn to $1.36bn.
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This is up from last year’s $1bn protection for its Florida treaty.
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