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Colorado State University anticipates a “near-average” probability for major hurricanes – Category 3, 4, and 5 – making landfall along the continental US coastline and in the Caribbean. -
High tornado activity at the end of the quarter is expected to add to the claims toll.
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The asset class is finding favour particularly with allocators that have been watching returns play out over the long-term horizon.
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The forecast included two intense hurricanes, six hurricanes and 12 tropical storms.
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The newly developed scale will run from AR-1 to AR-5, with AR-5 being the most intense, to mirror measurements of hurricane events.
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The InsurTech has moved its pricing for the instrument to the top of its initial range.
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The multi-peril bond will cover all 50 US states and the District of Columbia.
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The firm identified market inefficiencies in its analysis of loss data.
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The AP2 fund noted currency-hedging effects, turbulent financial markets and Hurricane Ian as factors in its alternatives segment loss for the 2022 year.
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The impact of the cyclone, which battered New Zealand in February 2023, was worsened by previous bad weather on the North Island.
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The reinsurance recoverables from Lorenz investors were up by 56% to $921mn in the 2022 year.
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The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.
