Hurricane
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The catastrophe fund’s cover shrank by $80mn as it extracted flat pricing from carriers. -
The agency maintained its prediction of eight hurricanes but increased the number making landfall in the US to two and in Florida to one.
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The fund now has £159.4mn allocated to ILS through Leadenhall Capital Partners.
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Impact Forecasting said the rare tornado damaged more than 300 properties.
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The typhoon was the strongest storm to hit the Chinese province of Zhejiang since 2015.
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The Oregon Public Employees fund held $119.3mn in two Nephila funds at year end 2018.
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The storm killed 44 people, according to reports.
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The agency has raised its forecast number of named storms to between 10 and 17, up by one to two events.
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The broker puts insured losses from Barry at $300mn, with a total economic loss of $600mn.
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CFO Vogel says he sees no further net impact from the Japanese event after first-half loss creep.
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Tropical Storm Risk predicts 13 instead of 12 named storms due to a change in trade wind speeds.
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The reinsurer released EUR360mn of reserves during the quarter.
