US hurricane risk to be covered by Foundation Re III
The Hartford is planning a $100m cat bond Foundation Re III. It will cover US wind risk.
Further details are not yet available.
But insurer would be only on the hook for 10% of claims costs above $350m mark
He steps up to the global fac role in London after leading Marsh JLT Specialty Asia in Hong Kong, where a replacement has already been found
Central Bank of Bahrain has advised the country’s stock exchange to resume trading of Arig shares, suspended since 14 May
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