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PCS puts initial Hurricane Milton insured loss at $5bn
The loss tally is considerably lower than estimates issued by model vendors.
Opinion
How Milton’s landfall south of Tampa will shape the ILS market
Hurricane Milton will show the ILS product behaving as investors expect it to.
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Moody’s RMS posts Milton insured loss estimate of $22bn-$36bn
17 October 2024 -
Hurricane Milton raises question over how risk-remote ILS can go
17 October 2024 -
Allstate pegs Helene cat losses at $630mn pre-tax
17 October 2024
Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
Managers expect Hurricane Milton losses to shore up pricing.
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
Collateralised reinsurance and retro are in the firing line.
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ARPC close to ‘full exposure’ with tropical cyclone pool
25 October 2024
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US auto InsurTech Root mulls $100mn cat bond offering
25 October 2024 -
AJ Gallagher acquires UK investment consultancy Redington
25 October 2024
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