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Barbados and St Vincent are under hurricane watch from Gonzalo while Tropical Storm Hanna will bring heavy rain to parts of the Texas coast.
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Ex-Novae deputy CUO to become active underwriter at Syndicate 2358. -
Barbados is on a hurricane watch.
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Six-month figures beat long-term average of $20bn with North American natural disasters driving the majority of the losses.
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The storm breaks the record for the earliest seventh named storm of the season.
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Over 200 nat cat events occurred in H1 2020, topping the 20-year average.
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Assignment-of-benefit claims spiked in June from the prior month.
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Claims on 15 cat events impacted the carrier, with most losses related to April.
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Hailstorms across the Midwestern US will likely add to substantial losses this year.
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Damage to property and automobiles stretches across five states, the agency said.
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The Monetary Authority is also exploring initiatives to support pandemic, cyber and climate ILS, an official says.
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The claims emanate from 14 weather events and amount to $12.8mn on an after-tax basis.
