Property
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Many commercial risks will have London coverage, but insured values are relatively low. -
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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The funds will combine credit and ILS holdings.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The volume of property cat aggregates placed grew 50% in 2025.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The data modeling firm said losses previously averaged $132bn annually.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The estimate covers property and vehicle claims.
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Both organisations still predict an above-average hurricane season.
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Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
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California wildfires account for $40bn of the insured loss tally in H1.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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The broker has noted that double-digit reductions are increasingly available in property.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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US events accounted for more than 90% of global insured losses.
