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The acquisition will expand Allianz Direct further into the B2B2C segment.
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Most of the losses derive from France.
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The firm will provide an update on 22 November to avoid holiday season.
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The figures imply first-layer reinsurance recoveries for Helene.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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Elaine Casaprima will serve as CEO of the combined entity.
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How is the market positioned to withstand Hurricane Milton?
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The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
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It also reported that severity increased by 17% in the same period.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.