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Current rates at 2% to 2.5% translate to an 86% incurred loss ratio. -
The agreement will bolster Asic’s surplus and expand underwriting capacity.
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Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
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Most of the insured loss was attributable to wind.
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He will oversee the launch of Tokio Marine’s new excess casualty line.
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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
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Florida insurers averted a crisis, but reinsurers will still see damages.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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The magnitude of the hurricane may impact reinsurers’ capacity deployment.
