Property
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re. -
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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US events accounted for more than 90% of global insured losses.
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In the US, the index fell 6.7% year on year.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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The loss has decreased by 0.3% since the company’s third assessment.
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Almost 50,000 people have been forced to evacuate.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
