-
The estimate covers property and vehicle claims. -
The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
-
ILS investors have fought shy of multi-peril aggs due to low confidence in SCS modelling.
-
Both organisations still predict an above-average hurricane season.
-
The sidecar took $19mn of cat losses relating to the California wildfires.
-
The forecast has increased since the early July update due to several additional factors.
-
California wildfires account for $40bn of the insured loss tally in H1.
-
The model becomes the second in the state to get approval to affect ratemaking applications.
-
The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
-
Millions are evacuating after one of the strongest earthquakes in modern history.
-
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
-
Insured losses produced the second highest first-half tally since records began in 1980.
