Ida early loss expectations range around $20bn-$25bn
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Ida early loss expectations range around $20bn-$25bn

Insurance Insider ILS team
31 August 2021
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New Orleans, United States. 30th Aug, 2021. A building in downtown New Orleans is collapsed onto a car during the nights Hurricane Ida hit the city Monday, August 30, 2021. Photo by AJ Sisco/UPI Credit: UPI/Alamy Live News
Photo: Alamy Live News

Hurricane Ida looks likely to become the costliest nat cat event since 2017, with scope for the storm to inflict losses of $20bn-$25bn on the market.

The further the storm pushes past the $20bn mark, the more it will impact retro pockets of the ILS market as well as first-tier reinsurance, but overall, it will still remain an earnings level event that will not disrupt...

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