-
Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn. -
-
The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
-
The cyclone pool received $479mn in GWP in the year to 30 June 2024.
-
Redington provides services to UK pension funds, wealth managers and institutional investors.
-
The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
-
The firm still expects to deliver positive net income for Q3 2024.
-
Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
-
As a result of mostly flooding, £495mn ($644mn) of losses occurred in the UK.
-
Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
-
Post-Milton investor interest in ILS has yet to translate into dollars allocated.
-
Earlier this week, RMS estimated insured losses for Helene and Milton at $35bn-$55bn.
