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This takes pre-tax year-to-date cat losses to $2.62bn. -
Alberto is the first named storm of this year’s hurricane season.
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Loss estimates are coming in for the weather event in Bavaria and Baden-Württemberg.
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Torrential rain caused flash floods in the Gulf States in the middle of April.
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The firm is the sole provider to offer index services in the US.
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The loss follows the pattern of 2002 and 2013 European flooding.
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Reinsurers scaled back their coverage to non-peak events in 2023.
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Europe has experienced an uptick of insured losses from severe weather.
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The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
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The firm now predicts six major hurricanes and 24 tropical storms.
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Forecasters have warned that a number of meteorological factors could make this year the most active on record.
