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hurricane Harvey 2017

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Reinsurance helps Chubb manage its $3bn gross Q3 catastrophe losses

27th October 2017

Reinsurance capital has played a significant role in helping primary insurance giant and specialist reinsurance player Chubb to manage the impact of recent major catastrophe events, with the company managing to claim back around $1.1 billion from its reinsurance partners reducing its near $3 billion gross cat loss down to $1.9 billion.

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American Financial replaces reinsurance layers hit by Harvey & Irma

4th October 2017

Primary insurance firm American Financial Group, Inc. (AFG), the parent to Great American Insurance Group and Lloyd’s focused Neon, has revealed that it has already replaced its reinsurance program layers that were hit by hurricanes Harvey and Irma, one of the many opportunities to replace coverage that have come to market in recent weeks.

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