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Moody’s also predicts losses to the NFIP at less than $300mn.
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Several bonds suffered declines in value from February to July.
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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
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Severe thunderstorms, mainly in the US, accounted for 70% of insured losses globally.
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Its forecast for intense hurricanes is unchanged at six.
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The ‘life threatening’ hurricane has potential for “historic heavy rainfall” in the southeastern United States.
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The biggest losses were from wind damage after the storm’s Texas landfall.
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Relentless focus on annual outcomes provides a packaging that doesn’t fit the purpose.
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Industry losses of $800mn-$1.2bn are expected from Beryl's impact in Texas.
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Hurricane Beryl was a “harbinger of a hyperactive season,” CSU said.
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Beryl has been downgraded to a tropical storm but is still life-threatening, with news media reporting two deaths so far.
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Insured losses could be less than $1bn if current NHC forecasts are accurate.