Hurricane Ida: London braced for biggest nat cat loss since 2017
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Hurricane Ida: London braced for biggest nat cat loss since 2017

Insurance Insider team
31 August 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
New Orleans, United States. 30th Aug, 2021. A building in downtown New Orleans, Louisiana is destroyed in the aftermath of Hurricane Ida on Monday, August 30, 2021. Power was out in the city but the levees held, Photo by AJ Sisco/UPI Credit: UPI/Alamy Liv
Photo: UPI/Alamy Stock Photo

Hurricane Ida is set to become the costliest nat cat event since 2017 with a potential loss range of $20bn-$25bn, as claims from a powerful storm system are amplified by factors including real inflation, demand surge and an adverse litigation environment.

For the London market, the Cat 4 hurricane could present a multi-line clash loss impacting not just property cat treaty, but also open market property, binders, energy and marine lines including cargo.

Reinsurers

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsProperty catMajor losses
insurance insider circle.jpg
Insurance Insider team
Gift this article