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The storm is forecast to strengthen to Category 1 later today as predecessor Marco weakens before dissipating tomorrow. -
The blaze in northern California has so far burnt more than 350,000 acres and is 22% contained.
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The firm's managing director says pandemic losses appear to pose no existential threat to the sector.
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Nearly 1,000 insurance disputes over pandemic coverage were filed by the end of July, according to data highlighted by sister title Inside P&C.
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Marco is forecast to make landfall in Louisiana on Monday, with Laura hitting Texas by Thursday.
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The storm is predicted to hit the US Gulf of Mexico on Wednesday as a Category 2 storm.
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President Trump releases federal aid for the fires, which include the third-largest blaze in California’s history.
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The storms will bring strong winds, storm surges and heavy rainfall.
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Thousands have been forced to evacuate across northern and central California.
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Storms could develop into hurricanes before striking the US, but long-range outlooks are uncertain.
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The now tropical storm is expected to move further out into the Pacific and become a tropical depression by tomorrow.
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Australian carrier’s expanded reinsurance structure kept net cat costs at A$820mn.
