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The firm's reinsurance CEO John Doucette said the firm saw “select opportunities” to grow its retro book. -
According to the Insurance Council of Texas, the outbreak on 20 October is the costliest tornado loss in the state’s history.
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Scor Global P&C CEO Jean-Paul Conoscente said the reinsurer’s main retro programme is expected to be placed within a fortnight.
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Over 70 percent of the losses come from Hurricane Dorian.
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The finance from the Global Risk Financing Facility (GRiF) will support Jamaica in expanding its financial protection.
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The firm is the first risk modeller to issue an official estimate after the typhoon made landfall in Japan on 12 October.
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A stronger storm, Typhoon Bualoi, is forecast to pass to the east of the country.
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Tropical Storm Nestor made landfall at the St Vincent nature reserve off Florida's northern Gulf Coast on Saturday afternoon.
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Tropical storm and storm surge warnings are in effect for the region.
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The investment manager, which is currently in run-off, is also monitoring the impact of Typhoon Hagibis.
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AIG had $550mn of cover for Japanese losses, analysts at Credit Suisse noted.
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The Bermudian reinsurer expects to pay out about $100mn in losses from Faxai and about $55mn for Dorian claims.
