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Tornadoes, hail and strong winds hit the eastern half of the US last week.
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The absolute quantum has moved but the outlook is broadly the same, CFO Quinn said.
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The updated total of A$958mn ($675mn) includes additional property and motor damages.
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The developing world specialist insurer is looking for input from ILS funds and reinsurers.
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Insurers need to “be ahead of the game” on rate increases, company officials told Trading Risk.
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Losses from severe convective storms in the US were the highest since the first half of 2011.
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The bill from the February storm, which hit Germany the hardest, was previously estimated at EUR1.55bn.
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The Association of Insurance Companies in Lebanon estimates economic losses of up to $10bn, with about 30% insured.
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Loss estimates outstrip early expectations.
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The broker highlights industrial and commercial buildings as the likely source of international property market exposure.
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The company increased non-cat reserves by $26mn in the second quarter.
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Despite being Category 1 at landfall, Isaias caused storm surges from South Carolina to New York.