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The platform has raised nearly $3bn of institutional capital since launching in 2022. -
The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire.
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The initiative is in collaboration with the atmospheric physics group at ETH Zurich.
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Last year was the ninth-largest loss year for the country on record.
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The year featured the fewest multi-billion-dollar insured loss events since 2019.
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The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
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SCS insured losses accounted for 48% of all global losses last year.
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The agency cited falling property rates and US casualty challenges.
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The ICA has escalated its ‘significant event’ declaration to ‘insurance catastrophe’.
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Tom Gray spent the best part of a decade at Lancashire.
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The carrier anticipates a substantial opportunity in cyber, and cyber and property ILS.
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The broker has analysed the differences in wildfire risk between Northern and Southern California.
