Property
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The company received over 10,100 home and auto claims as of January 27. -
The platform will match partner capital to provide capacity for reinsurance placements.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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The industry loss number has increased threefold from an initial $5bn pick.
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The total includes fire and smoke damage plus living expenses for evacuees.
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The fire started Wednesday morning and is currently 0% contained.
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Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
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Severe convective storms accounted for 41% of last year’s insured loss load.
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The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
