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The US tallies $97bn in economic losses from major perils each year. -
The bond will insure against named storms in eight US states.
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Munich Re said it saw no reason to lower its expectations.
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The carrier announced a capital repatriation plan of EUR3.5bn.
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The vehicle is 52% larger than it was at launch 3 years ago
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The vast majority of 2023 recoveries were from events in prior years.
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The vulnerability updates are the biggest driver of loss changes.
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The outlook for M&A activity is brighter after 2023 returns.
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The bond provides three-year aggregate earthquake coverage in Japan.
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The parent also expects the ILS platform’s AuM to grow.
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The acquiring reinsurer will now run off the business.
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Procedural expenses in the case have been as high as $100,000 per day.
