Insured losses from Milton could range from $25bn to $40bn, with key reinsurance programmes backed by ILS markets remaining clear, according to numbers shared by Aon to its clients obtained by this publication.
The
Aon suggests key ILS-backed reinsurance programs will run clear
A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.