-
The storms struck Victoria, New South Wales and Queensland. -
Most of the industry losses occurred in Austria, the Czech Republic and Poland.
-
TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
-
Losses are concentrated in the states of Baden-Wuerttemberg and Bavaria.
-
It estimated insured losses from nat cats on track to exceed $135bn in 2024.
-
The carrier attributed the intensification of storms this season to climate change.
-
Lloyd’s has taken around 6% of aggregate US hurricane losses in recent years, and disclosed estimated net losses from Helene and Milton of $1.8bn to $3.4bn.
-
Losses from Hurricane Milton are expected to affect only select junior structures.
-
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
-
The Class B notes on the carrier’s debut deal attach at $500mn of losses.
-
The loss figure has increased 200% from the initial number provided in October.
-
Moderate impacts to ILS returns are anticipated from Hurricane Milton.
