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The region will see a fifth consecutive year of tropical storms that are stronger than average, the firm predicts.
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Property damage in eastern Australia totals $488mn, according to an initial loss estimate by Perils.
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The majority of losses hit the UK, Germany and Belgium, estimates show.
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The ICA has increased its estimate for the January hailstorm total losses to A$1.2bn.
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The total has increased 30 percent since December, the General Insurance Association of Japan said.
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Pricing for quake exposures is understood to be broadly flat. -
Pricing has moved to the top of the guidance range, sources said.
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The ratings agency also said ILS capacity would ‘hold the line’ on returns following catastrophes.
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The firm's K sidecar avoided major Dorian claims, as the firm also grew its whole-account covers.
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The European storm was the most expensive cat event of February, followed by US winter storms that cost nearly $700mn.
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The APRA’s chairman says carriers are well placed to pay out claims and respond to new events.
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The loss aggregator lifts the tally by EUR10mn from its previous prediction.
