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Published on April 3, 2024
Insurance News
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PERILS raises industry loss for Australia Christmas storms to AU$1.55bn
April 3, 2024
Zurich-based catastrophe insurance data provider PERILS AG has provided a second update on the insured loss estimate for the Australia Christmas Storms, which affected the states of Victoria, New South Wales, and Queensland, lifting the figure by 11% to AU$1.547 billion (USD 1bn).In February, PERILS disclosed its initial industry loss estimate for the storms of AU$1.395 billion ($903 million).This
Kuvare Asset Management to be acquired by Blue Owl for $750m
April 3, 2024
Alternative asset manager Blue Owl has announced it has agreed to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (KAM) for $750 million, a deal that will support the launch of Blue Owl Insurance Solutions.KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings (Kuvare)Blue Owl is plannin
