Swiss Re
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There have been 452 confirmed cases in the latest Ebola outbreak.
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October represented the fourth monthly loss registered in 2018 on the Eurekahedge ILS Advisers index.
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The bond will provide the insurer with US multi-peril protection on an indemnity per occurrence basis.
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Third-quarter catastrophe losses resulted in a 1.8 percent to 5.2 percent hit to the shareholder equity of global reinsurers, with major catastrophe writers all impacted.
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It will take an additional EUR350mn in Q4 from Trami and Michael.
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The reinsurer reported a net profit of $634mn for its P&C division for the nine months to 30 September.
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The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.
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According to market sources, the $2.5bn in losses mostly falls with homeowners’ insurance, which accounts for 62 percent of that figure.
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The typhoon is said to have hit third layers of some occurrence covers.
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HazeShield covers businesses in Singapore from loss of income and reduced trade caused by haze events.
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The analyst estimated the continental (re)insurers are each on course to take 5% of losses from the Category 2 hurricane heading for the Carolinas.
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Jean-Jacques Henchoz, who was previously in change of the EMEA region of Swiss Re, has been named as the German (re)insurer’s new chief executive officer.