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Industry losses of $800mn-$1.2bn are expected from Beryl's impact in Texas. -
The $1.6bn of cat bond limit on-risk includes $1.1bn Everglades Re mega-bond.
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Chief science officer Steve Bowen said it was still too early to provide precise insured-loss estimates.
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Secondary market activity and hedging would be likely if a Beryl-sized storm tracked toward the US.
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The executive joined in January after a decade at Liberty Mutual.
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This is lower compared to 8.2% recorded by the index in H1 2023.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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The flattish outcome comes after a larger year-on-year hike in January.
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The latest Insider ILS Outstanding Contributor for the year said 2011 was an under-appreciated turning point for the market.
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Insured losses could be less than $1bn if current NHC forecasts are accurate.
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Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula.
