Catastrophes
-
Sums insured for European windstorm increased by 10.1% due to inflation.
-
Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
-
Sabine Re marks Allied Trust’s entry to the market.
-
Insured loss estimates are not yet available.
-
The Insurance Council of Australia has estimated A$743mn ($489.6mn) of insured losses from Tropical Cyclone Jasper and the Christmas and New Year storms.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
In total there were seven international events that exceeded $1bn in 2023.
-
The bond, which increased in size by 25% to $125mn, priced at the lower end of the previously guided range.
-
CFO Christoph Jurecka said losses for 2023 were in line with its expectations, but he added that the events producing the losses differed from those of years previous.
-
Anticipations of a tug-of-war around a ‘flat to slightly up’ pricing renewal have indeed come to fruition.
-
Next year will see North Atlantic hurricane activity about 30% above the 1991-2020 30-year norm, according to Tropical Storm Risk.
-
The costliest disaster was the southeast Queensland and NSW flooding in February 2022.
Most Recent
-
State Farm’s mega cat bond likely to exceed $1bn
24 April 2024 -
Amundi Pioneer Cat Bond Fund expands to $322mn in AuM
23 April 2024