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The modeller said 3 million homes were without power at its peak. -
Two-thirds of Guy Carpenter’s clients bought more coverage in H1.
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Hennon spent 17 years as professor at the University of North Carolina.
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Most of the losses occurred in Bavaria and Baden-Wuerttemberg.
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The insurance sector’s RoE is expected to exceed 10% next year.
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The biggest losses were from wind damage after the storm’s Texas landfall.
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Uncertainty around the quantum remains due to policy deductible variation.
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The backing represents a rare move from a collateralized reinsurer to take on risk in the legacy space.
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The insured loss from Beryl in the US was pegged at $2.7bn.
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The executive joined in January after a decade at Liberty Mutual.
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The flattish outcome comes after a larger year-on-year hike in January.
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The estimate is up from A$1.5bn, published by Perils in April.
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