Hurricane Ian will add strain to hardening (re)insurance market: Swiss Re
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Hurricane Ian will add strain to hardening (re)insurance market: Swiss Re

Swiss Re logo hurricane ian capital.jpg

The ripple effects of Hurricane Ian will extend beyond Florida by adding pressure to existing drivers of rate rises and reinsurance capacity constraints, according to Swiss Re Institute.

In a note on the cat event, the (re)insurer reiterated the previously released estimate that insured losses of $50bn-$65bn from Ian could bring total insured cat losses for the year-to-date to $115bn, compared to a 10-year average of $81bn.

This...

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