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The official US forecaster said it did not expect activity to reach last year’s historic peaks. -
The monthly tally came in 14% lower than the $632mn reported a year ago.
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Severe and winter weather losses in the US hit $21.4bn during January-April, equity research analysts estimate.
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The region braces for a potential Category 1 landfall.
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The company also procured approximately $180mn of incremental limit for earthquakes.
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The deal will be fronted by Hannover Re but will provide coverage to the state backed carrier.
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Most damage to private and commercial property was covered, but agriculture losses were uninsured.
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The yardstick will allow insurers and financial institutions to assess companies’ transition plans against the 2015 Paris Agreement.
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The initial loss figure was A$1.23bn, with a second report putting the loss at around A$1.3bn.
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The carrier racks up losses from Uri and Filomena as well as deterioration on Laura and Sally.
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The asset manager’s survey finds increased investor appetite for opportunistic debt and equities, and private assets.
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The move comes ahead of the COP26 climate summit in Glasgow in November.
