Industry topics

Tropical Storm Alberto, the first named storm of this year’s Atlantic hurricane season, made landfall this morning over Mexico and Texas, bringing heavy winds and gusty rains, according to the US National Hurricane Center (NHC).

This takes pre-tax year-to-date cat losses to $2.62bn.

The proposal now goes to the Florida Office of Insurance Regulation for review.

Alberto is the first named storm of this year’s hurricane season.

Amy Stern started her career as vice president of group reinsurance at Zurich Re.

Loss estimates are coming in for the weather event in Bavaria and Baden-Württemberg.

Torrential rain caused flash floods in the Gulf States in the middle of April.

The firm’s P&C and life and health retro buying is being centralised.

The firm is the sole provider to offer index services in the US.

The loss follows the pattern of 2002 and 2013 European flooding.

The ILS manager targeted aggregate and second-event covers.

Reinsurers scaled back their coverage to non-peak events in 2023.