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Most years since 2014 have seen at least one named storm before 1 June. -
The outlook calls for an 85% chance of an above-normal season.
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The total economic cost from the catastrophe is estimated to be EUR9bn.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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The ratings agency warns that wildfire is an increasingly risky and unpredictable peril.
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The carrier experienced a benign Q1 for catastrophic loss activity.
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Storms struck the Great Plains, the Midwest and the Southeast.
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Overall economic losses hit $45bn in the first quarter of 2024.
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Various trends may work together to hold the cat markets up for longer than some had feared.
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Panellists at the Insurance Insider ILS conference say forecasts can push capital to “the edges” of the market.
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As a result of mostly flooding, £474mn of losses occurred in the UK.
