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The weather and nat cat analyst is expecting four major hurricanes this year. -
Property losses make up 96% of claims.
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Cat bond market exuberance seems to be mismatched against overall ILS sentiment.
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Analyst Philip Kett estimates US winter weather losses at $15.3bn.
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The forecaster sees only a 25% chance that the enhanced activity will reach the “hyperactive” levels seen in 2020.
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States most impacted include Alabama, Mississippi, Texas, Georgia, and Tennessee.
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The industry association reports 37,858 claims lodged so far.
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Researchers at Colorado State University (CSU) are expecting an above-average hurricane season for 2021, including up to 17 named storms.
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The data company describes the first quarter as benign.
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The reinsurer finds secondary perils accounted for over 70% of natural catastrophe claims.
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The industry association reports that about 29,213 claims have been received so far.
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Environmental, social and governance concerns are of growing importance to the ILS industry, but work remains to be done on building a consensus about concrete goals.
