Claims and losses

Its Class 13 and 14 notes priced roughly at the midpoint of expectations.

Panellists at the Insurance Insider ILS conference say forecasts can push capital to “the edges” of the market.

The awards event will be held on 27 June at The HAC, London.

Increased ILW purchasing reflects cash-rich funds looking to protect return levels.

As a result of mostly flooding, £474mn of losses occurred in the UK.

Researchers expect 15-20 named storms to form in the Atlantic Basin.

This follows February’s cat losses coming in below the $150mn reporting threshold.

Insured loss for Q1 was 10% higher than the decadal average of $18bn.

Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.

The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.

Sums insured for European windstorm increased by 10.1% due to inflation.

Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.