Catastrophe bonds
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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This year’s coverage will involve $2.94bn of new risk transfer.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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