Definition: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
Input: Passage: "Catastrophe losses of only 15 billion dollars will allow them to replenish their risk capital, depleted by record payments for hurricane damage in 2005 and 2004," it added. Reinsurers were hit with costs in excess of 75 billion dollars last year, according to Swiss Re's German peer, Munich Re.

allow