-
Ciara and Dennis could be the most significant European windstorm losses since 2018.
-
The insurer lifted the attachment on an aggregate portion of its group reinsurance treaty, which was otherwise unchanged after its restructure for 2019.
-
Overall losses during the bushfire season total a record A$1.9bn.
-
Losses in Germany will account for around 50 percent of the total loss, RMS said.
-
Third-party investors recorded a $2.6mn underwriting profit for the year.
-
The storm struck parts of Ireland and the UK on 9 February, before moving to mainland Europe.
-
The insurer recouped about A$280mn from the aggregate cover in 2019 and expects to draw down an A$101mn stop loss for its fiscal year.
-
Demand for the transaction, which doubled in size during marketing, demonstrates a renewed appetite for Florida risk this year on the cat bond market.
-
The company is keeping a near-A$300mn capital gain on hand as it plans for flexibility around its reinsurance renewal.
-
The event is the sixth major incident in Australia in the past five months.
-
The events a year ago generated the highest Australian flood claims in eight years.
-
Private ILS strategies fell to a loss of 0.8 percent for 2019 on the Eurekahedge ILS Advisers index, as this segment delivered its third year of losses in a row.