-
The Bermuda Monetary Authority expects carriers on the island to take a 25% share of the total industry loss.
-
The forecast included three intense hurricanes, six hurricanes and 13 tropical storms.
-
The state’s lawmakers will meet on December 12-16 to address the challenges facing its troubled property insurance market.
-
The reinsurer emphasised the need for improved secondary peril models including predictive capabilities.
-
The year 2005, which featured the devastating Hurricane Katrina, remains the most expensive storm season.
-
2022 was a near-average season in terms of the number of storms, but featured an unusually quiet start in August, followed by two Florida hurricanes, including one of the US’s most expensive.
-
Frontier Advisors said sentiment continues to be challenged by performance.
-
Flooding in February and March this year was the most expensive event in Australian history.
-
The pay-out figure has nearly doubled over the last two weeks.
-
Initial loss estimates for the last quarter show lower hits to equity than observed after hurricanes Harvey, Irma and Maria five years ago.
-
Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
-
The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.