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The industry association reports 37,858 claims lodged so far.
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Both private and cat bond funds were down for the month.
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The data company describes the first quarter as benign.
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Covid-19 losses accounted for 60% of the major claims, with the rest attributable to catastrophe events.
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The event will further erode the deductible in the group’s aggregate excess of loss reinsurance programme.
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Environmental, social and governance concerns are of growing importance to the ILS industry, but work remains to be done on building a consensus about concrete goals.
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The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
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Insured losses from severe weather in the central and southern US are expected to reach hundreds of millions of dollars, according to Aon’s Weekly Cat Report.
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The tally so far comes in far below the broker’s year-ago estimate of $80bn for a twelve-month lockdown.
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Heavy rains have caused the worst flooding in 60 years and resulted in mass evacuations.
