Hurricane

Loss creep from Hurricane Ida has led to the loss and an increase in loss reserves.

Hurricane Earl is forecast to pass southeast of Bermuda, but tropical-storm-strength winds are predicted to hit the Island on Thursday.

Danielle doesn’t appear to threaten land, but a second storm is likely forming and could threaten the Caribbean and Florida.

After the quietest start to hurricane season since 1997, weather experts forecast storm activities in the Atlantic to happen as early as this week.

As the ILS market heads back to the office after summer breaks to get stuck into a busy conference season, we recap our top summer features and news coverage that you won’t want to miss.

The Sompo International company was placed into run-off in June 2019.

The firms said transparency on data, methodology and machine learning techniques would build trust.

The forecast for the number of hurricanes remains unchanged and calls for six to eight hurricanes and three to five major hurricanes this season.

If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.

Twia noted that the cancellations had come as Texas enters peak hurricane season.

The company anticipates a hurricane season close to the 1991-2020 climate norm.

In the absence of a major tactical shift from Demotech, will the reinsurers become the de facto selection party determining which domestics survive?