Opinion: Oz floods are not the clean start to the year cat reinsurers need
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Opinion: Oz floods are not the clean start to the year cat reinsurers need

Debris on road from flood damage bisbane 2022 flood australia.jpg

Catastrophe reinsurers are already off to a messy start for the year and may have eroded a significant part of their year-to-date Q1 cat budgets as floods are still unfolding in Australia following recent European/UK windstorms.

Both events are much lower in scale than last year’s Winter Storm Uri, but given the industry’s recent track record and the precarious stability of the cat risk market, it will not put the industry in the place it...

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