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Catastrophe claims back with a vengeance

Catastrophe claims back with a vengeance

After a benign six months to June 2018, specialist insurers such as Hiscox (HSX) and Lancashire Holdings (LRE) saw claims from natural catastrophes jump in the third quarter, with Hiscox reserving $125m (£96m) and Lancashire $138.5m. However, these amounts come out of reserves – Hiscox has assets under management of $6.4bn – and will lead to premium rates hardening.

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