Cat loss ratios likely to exceed budgets: Jefferies

14 September 2021

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With insured cat losses YTD running at 15% above the long-term average and the Atlantic hurricane season escalating, cat loss ratios are increasingly likely to exceed budgets, according to Jefferies equity analyst Philip Kett.

Kett's August report estimated that global insured cat losses over the month were almost 3.8x higher than the 10-year average, almost entirely due to Hurricane Ida.

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Cat loss ratios likely to exceed budgets: Jefferies

With insured cat losses YTD running at 15% above the long-term average and the Atlantic hurricane season escalating, cat loss ratios are increasingly likely to exceed budgets, according to Jefferies equity analyst Philip Kett.

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Cat loss ratios likely to exceed budgets: Jefferies

With insured cat losses YTD running at 15% above the long-term average and the Atlantic hurricane season escalating, cat loss ratios are increasingly likely to exceed budgets, according to Jefferies equity analyst Philip Kett.

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Uncover exclusive insights tailored for insurance leaders

Topics

RSA, CNA settle ExCel Covid BI lawsuit

RSA refocuses cyber capacity to InsurTech MGA Resilience

Darag to acquire Cayman-based employers’ liability captive

Aggregation risk ‘really high’ following Change Healthcare attacks

Hadron aims for UK and Europe to make up half business

The Week in 90 Seconds: Fleming-James River deal; Gen AI’s impact

HDI elevates Hensel to CUO