RMS
-
The modeller said 70% of losses will come from Germany and a quarter from Belgium.
-
The potential transaction is expected to complete in the third quarter.
-
The firm’s climate change models will allow users to model their portfolios under the four different emission pathways adopted by the Intergovernmental Panel on Climate Change.
-
The catastrophe modeller made the estimate using a new climate change risk model.
-
The firm said the outcomes differ by peril, region, and climate scenario.
-
No damage has been reported to the city’s nuclear power plant.
-
California blazes including the Glass Fire have driven up the estimate considerably since September.
-
The modelling firm anticipates up to $500mn of additional claims from offshore platforms, oil rigs and pipelines in the Gulf of Mexico.
-
The 2020 figure tops the 1.96 million-acre high of 2018, when fires cost the industry around $18bn.
-
Total insured losses are well up on 2019, but the severity of individual blazes is not likely to impact reinsurers extensively.
-
Ciara and Dennis may turn out to be the most significant European windstorm losses since 2018.
-
The forecast broadly aligns with estimates from rival modelling company AIR.
Most Recent
-
GTCR nears deal to buy JMG Group
12 May 2025 -
Daily Digest: Top news from 12 May
12 May 2025