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The bulk of risks linked to a new investment grade cat bond it is working on relate to US private motor risks, with a fifth from commercial motor. -
The economic loss, including damage to public infrastructure, is expected to hit EUR9bn.
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ILW limit of around $1bn could change hands depending on where the Hurricane Ian industry loss number settles.
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The 7.8 magnitude earthquake struck southern Turkey and northern Syria on 6 February, followed by a series of aftershocks.
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The firm says hail alone is estimated to make up 95% of losses, making it one of the biggest hail losses in history.
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The $49.4bn number remains below a critical ILW threshold.
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The global natural catastrophe protection gap stood at $368bn, with protection gaps being largest in emerging markets.
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Damaging hail and wind hit Texas, Arkansas, Mississippi and Georgia.
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There has never been a named storm to form in the eastern tropical Atlantic this early in the season.
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The National Hurricane Centre said the Lesser Antilles, Puerto Rico and the Virgin Islands must be vigilant.
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Compelling rates are on offer for markets willing to write wildfire risk in the sunshine state.
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The carrier said 70% of the claims stemmed from two wind and hail events.
