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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene. -
More public-private partnerships are needed to keep cat risk affordable.
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In Partnership WithJens Melhorn, Head of Property Treaty for EMEA at Swiss Re discusses key reinsurance topics, including global conflicts, natural catastrophe trends, and the growing need for public-private partnerships to keep insurance affordable.
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The carrier highlighted Italian and French hail events in recent years.
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The estimate includes private cover for residential, commercial and industrial property.
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The ratings agency said the upgrade reflects an improvement in GIC Re’s balance-sheet strength.
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With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Tim Nagle succeeds Oscar Holloway, who has left the company to “pursue other opportunities”.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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The aviation market is currently experiencing high levels of competition.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
