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In the US, the index fell 6.7% year on year. -
Despite predicting fewer hurricanes, the numbers are still above average.
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The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The measure could have landed insurers with extra tax on US business.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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The loss has decreased by 0.3% since the company’s third assessment.
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HCI secured three towers with $3.5bn in XoL coverage.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
