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hurricane Matthew 2016

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70% of overall Hurricane Matthew loss uninsured: Aon Benfield

25th April 2017

Data and analysis from reinsurance broker Aon Benfield reveals that Hurricane Matthew is estimated to have resulted in an insurance and reinsurance industry loss of roughly $4.5 billion, and an economic loss of almost $15 billion, highlighting a tropical cyclone protection gap in both developed and emerging regions.

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Hurricane Matthew won’t move the dial for reinsurers: Universal CRO

28th November 2016

Despite hurricane Matthew making landfall on the U.S. coastline and causing expected insured losses in the billions of dollars, it’s not expected to have any positive impact on pricing in the reinsurance market with the sector remaining heavily capitalised, according to Jon Springer, President and Chief Risk Officer (CRO), Universal Insurance Holdings, Inc.

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Matthew helps reinsurance edge closer to bottom: Gregory, Lancashire

23rd November 2016

Hurricane Matthew was a timely reminder that the benign loss environment won’t last forever, despite the storm’s final track causing far less damage than initial forecasts had suggested. While the insured loss isn’t expected to turn the softening reinsurance market cycle, it has pushed the sector slightly closer to the bottom, according to Paul Gregory […]

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