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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events. -
The Class B notes on the carrier’s debut deal attach at $500mn of losses.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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The floods add to an already historic loss tally for Canada in 2024.
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Net property losses from Hurricane Milton in October reached $153.6mn.
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The California fire was 91% contained as of Friday.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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The company said Helene claims have surpassed those of Hurricane Ian.
