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Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm. -
ILS is rated four out of five with a recommendation of an “overweight” strategy from the Liechtenstein-based private bank.
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The first six months of the year also saw more billion-dollar loss events than average.
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More public-private partnerships should be a priority for governments and businesses.
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Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.
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Fires in Portugal, Spain, France, Greece and Croatia have caused widespread crop damage.
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The number of tropical cyclones decreased over the past 30 years, but the damage is increasing due to more people migrating to cat-exposed areas.
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The current estimated insurance loss for the flooding is A$142mn.
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The impacts of the July floods are coming on top of significant flood losses in other parts of the country in March and April.
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Tropical storms gain strength when passing over the deep warm current.
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Tropical Storm Risk set the probability of above-normal accumulated cyclone energy in the North Atlantic at 46%.
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Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
