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Most years since 2014 have seen at least one named storm before 1 June. -
Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
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The outlook calls for an 85% chance of an above-normal season.
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The program includes all perils coverage and third-event protection.
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The total economic cost from the catastrophe is estimated to be EUR9bn.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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P&C re and CorSo reported improved net profits and combined ratios for the quarter.
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The ratings agency warns that wildfire is an increasingly risky and unpredictable peril.
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The carrier experienced a benign Q1 for catastrophic loss activity.
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Large losses came to EUR52mn with low retro recoveries.
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Storms struck the Great Plains, the Midwest and the Southeast.
