Hurricane

Colorado State University has also slightly reduced its forecast for the season to four major hurricanes.

HSCM has had a majority stake in the company since 2020.

Insured nat cat losses amounted to $35bn globally in H1, while manmade events triggered an additional $3bn, according to Swiss Re Insititute.

Louisiana policyholders have filed 460,709 claims of all types, of which 65% were closed with payment.

The carrier’s 6% rate increases over 2022 YTD are “subsumed” by larger loss expectations, including rising inflation.

US severe thunderstorms caused insured losses of $17bn during the first half.

The firm said it was well prepared for hurricane season with no gaps in reinsurance coverage.

No matter what the outcome, further market dislocation is on its way – but there are various band-aid options that could help Florida insurers limp through hurricane season.

Floir stated that they "formally referred those insurers to the stability unit" after the legislation from the special session was passed.

Floir Commissioner Altmaier and Florida CFO Patronis sent out letters questioning Petrelli's decision to put 17 insurers on notice of a downgrade.

Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm.

ILS is rated four out of five with a recommendation of an “overweight” strategy from the Liechtenstein-based private bank.