Reinsurers bullish on 1.1 increases as EUR10bn+ Bernd loss looms
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Reinsurers bullish on 1.1 increases as EUR10bn+ Bernd loss looms

Rachel Dalton
09 September 2021
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Storm in Hesse

Reinsurers are gunning for rate hikes on European property business as this year’s autumn renewal season kicks off, as sources estimate that July flooding in central Europe will breach EUR10bn ($11.8bn).

Flooding caused by low-pressure area Bernd in mid-July will add a heavy cost to an already meaningful loss load from European flooding and hail events earlier in the year.

The

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Topics

NewsRe/insurersClaims and lossesCatastrophe losses
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Rachel Dalton
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