-
The insured loss from Beryl in the US was pegged at $2.7bn. -
The executive joined in January after a decade at Liberty Mutual.
-
The flattish outcome comes after a larger year-on-year hike in January.
-
The estimate is up from A$1.5bn, published by Perils in April.
-
The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability.
-
The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups.
-
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
-
The groups highlighted technical hurdles to implementation at a Wednesday hearing.
-
The model uses machine learning and daily data to forecast hurricane seasons.
-
Evercore is leading the capital raise process and Aon is assisting with the Lloyd’s application process.
-
The bond is seeking coverage for named storm, severe thunderstorm and winter storm.
-
There was a 12% increase in flood sums insured to C$7.3tn.
