Wildfire
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A further 3,271 structures, including both homes and businesses, are under threat from the wildfire. -
Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.
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Fires in Portugal, Spain, France, Greece and Croatia have caused widespread crop damage.
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Storms from 16-23 June added to a “very active” quarter for the peril.
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Investors, fund managers and service providers are adapting in the face of potential large losses from secondary perils.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Severe convective storms in the US caused hundreds of millions of losses, while a small number of expensive homes in California were hit by a wildfire
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The incoming SVP joins from BMS Re, where she led the catastrophe analytics team for more than 10 years.
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The company’s new models will be generally available in June for major perils including US flood, US wildfire and Japan typhoons.
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The 5%-7% uplift came in ahead of a smaller November gain connected to 2019 catastrophes.
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December gains of 0.05% marked the third consecutive positive monthly return.
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The company will use the funding to invest in new software hires and expansion in Hong Kong and Madrid.
