Property
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Two-thirds of Guy Carpenter’s clients bought more coverage in H1. -
Hennon spent 17 years as professor at the University of North Carolina.
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Most of the losses occurred in Bavaria and Baden-Wuerttemberg.
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The insurance sector’s RoE is expected to exceed 10% next year.
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Uncertainty around the quantum remains due to policy deductible variation.
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The insured loss from Beryl in the US was pegged at $2.7bn.
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The flattish outcome comes after a larger year-on-year hike in January.
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The estimate is up from A$1.5bn, published by Perils in April.
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The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability.
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The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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The model uses machine learning and daily data to forecast hurricane seasons.
