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A heavy snowfall helped to bring the major conflagration under control.
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The fires are being fanned by winds of up to 115mph around the towns of Superior and Louisville. -
As the renewal is expected to spill over into 2022, the two-speed market will put pressure on retro-reliant carriers.
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Arwen knocked out power for around a million UK homes.
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Pricing sheets appear to show little impact on aggregate ILS deals.
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While funding under a World Bank loan agreement is expected to flow, the 2019 cat bond protecting the nation was not expected to be at risk.
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Jefferies’ report shows that cat losses have been spread across a broader range of perils and regions this year.
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CyberCube forecast further capital market capacity will hit the cyber insurance market next year.
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The reinsurance broker’s report comes after KCC put a $3bn insured loss estimate on the 10 December disaster.
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The firm said $3bn was still a substantial loss given that the weekend events were driven by pure tornado claims.
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The firm’s estimate fell at the lower end of the range for historic Top 10 tornado events.
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Aon’s Impact Forecast has suggested that only a limited portion of the loss will pass to reinsurers.
