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Several US states were hit by tornadoes, heavy rainfall and large hail in July.
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Bushfire losses make up just over 40 percent of the total claims bill.
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US cat events in June resulted in some 250,000 insurance claims being filed and four deaths.
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The Calgary hailstorm in mid-June could become the fourth-costliest nat cat event in Canadian history.
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The research team increased its estimate for named storms in 2020 from 19 to 20.
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The estimate is in line with Argo's earlier projection and will likely precede additional announcements from the sector in the coming weeks.
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Twelve Capital's Urs Ramseier says the potential for more distressed opportunities to appear will depend on the extent to which carriers pass on increased reinsurance costs to policyholders -
The moves follow last month’s announcement that R Daniel Peed would become CEO following John Forney’s departure.
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The island's ILS capacity grew by $19bn, or 37 percent, the year after Irma.
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The ratings agency expects the residual market to grow as private carriers are under pressure.
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The German insurer has placed a new EUR200mn worldwide cat agg deal.
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The estimate marks a 19 percent deterioration on a February forecast.
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