Weather
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Earlier this week, Guatemala received a $3.6mn payout for losses incurred from tropical storms Amanda and Cristobal.
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Tropical Storms Amanda and Cristobal triggered the country's excess rainfall cover.
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The utility expects to emerge from Chapter 11 in July after a bankruptcy court approves its settlement.
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The deal will add to $125mn of ILS cover that the electricity provider has from an earlier transaction. -
Calgary storm could rank among Canada’s costliest cat events, according to Aon.
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High Atlantic sea surface temperature is one driver of the forecast.
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The estimate for the third named storm of the season covers privately insured wind and storm surge damage.
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US convective storm losses have already topped $13bn for the year.
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Surge warnings are in place, with the tropical storm forecast to move across Arkansas and Missouri.
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Cristobal could impact the Gulf Coast as a tropical storm late on Sunday.
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The university scientists now expect nine hurricanes, up from eight in their earlier forecast.
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The second named storm of the year is to make landfall at around midday local time.
