-
Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn. -
January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
-
The storm made landfall in Queensland, Australia at the beginning of March.
-
SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
-
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.
