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The ratings agency said that a surge in demand could add to the costs of rebuilding. -
The estimate includes damage to residential, commercial and industrial property and vehicles.
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Damage to crucial power infrastructure caused by the storm left over one million Louisiana residents without power.
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Across London, the US and Bermuda, Ascot Re will provide P&C, PI and specialty lines cover via its new aligned division.
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Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.
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Post-Covid demand surge is a particular focus and fear.
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Ida has weakened to a tropical storm after knocking out power to New Orleans and other coastal areas of Louisiana overnight.
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There have been 6,751 Seroja claims lodged, with 99.67% accepted and 46% of claims closed.
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Most of the damage occurred in Mexico as the country weathered an estimated $300mn of losses.
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The risk modeller said Henri’s weakening before landfall spared the northeast US from the damage originally forecast.
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He previously held roles at Tower Hill, Axis and Aon Benfield.
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The firm will begin writing middle-market commercial business this month.
