-
The Florida-based insurer’s 2019 issuance is expected to lose up to $37mn of its $40mn principal after Hurricane Ida. -
The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
-
Its prediction for an above average season is in line with the early outlook from Colorado State University (CSU) researchers.
-
The team of researchers predict there will be 19 named storms, of which nine will be hurricanes.
-
The syndicate won new backers after Credit Suisse ILS significantly scaled down support.
-
The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
-
Most of the losses occurred in Germany, followed by the Benelux states, the UK and France.
-
Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
-
The study says a more La Niña-like environment has driven the trend.
-
Damage from windstorms that swept across the central and eastern United States from 21 to 23 March could cause hundreds of millions of dollars in economic and insured losses, according to the Aon Impact Forecasting weekly cat report.
-
Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
-
Property losses contributed 88% of the total industry loss total, while 12% were due to motor lines of business.
