-
The state of Texas in particular has experienced an unusual amount of severe weather. -
The bulk of risks linked to a new investment grade cat bond it is working on relate to US private motor risks, with a fifth from commercial motor.
-
The update is due to warm sea-surface temperatures in the tropical Atlantic and the exceptional development of two named storms in June.
-
In its update, CSU now predicts 18 named storms, including the four that have already formed, nine hurricanes and four major hurricanes.
-
The coverage is designed to reduce the island’s obligation to the US Federal Emergency Management Agency.
-
The economic loss, including damage to public infrastructure, is expected to hit EUR9bn.
-
-
ILW limit of around $1bn could change hands depending on where the Hurricane Ian industry loss number settles.
-
The 7.8 magnitude earthquake struck southern Turkey and northern Syria on 6 February, followed by a series of aftershocks.
-
At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
-
The broker estimated global reinsurance capital rose by $30bn over the first quarter, with a 7% uplift in alternative capital and a 5% recovery to traditional equity.
-
The firm says hail alone is estimated to make up 95% of losses, making it one of the biggest hail losses in history.
