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Hurricane Milton resulted in the largest insured loss of the year at $25bn. -
The fast-moving blazes have prompted evacuations across the city.
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More than 4,000 acres are burning as thousands evacuate.
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The new agreement provides $40mn of aggregate limit excess of zero.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Cat bonds were a key supply-side driver at 1 January 2025.
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The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
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Homeowners’ insurance rates have spiked almost 60% since 2018.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The storms struck Victoria, New South Wales and Queensland.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
