-
The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31. -
Insured losses were the second highest on record for the first quarter.
-
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
-
KCC is part of the CDI’s review into creating a public wildfire cat model for insurers.
-
The sponsor is estimating a loss of ~$300mn in relation to one of last month’s US tornado events.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
The prediction comes after a highly active hurricane season in 2024.
-
Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
-
Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
-
The carrier has received 12,300 claims as of 28 March.
-
The event has caused widespread damage in Bangkok, Thailand.
-
Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
