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Growing economic and population exposures are driving potentially larger insured losses. -
Ann Field, Matt Moore and David Griffiths have also had promotions.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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Risk managers at last week’s Axco summit said interconnected global risks require flexibility.
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Insolvencies caused by the tariffs could also cause increased losses
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The storm made landfall in Queensland, Australia at the beginning of March.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Insured losses were the second highest on record for the first quarter.
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The firm now reports on insurance exposures to natural perils for 21 countries.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
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The worsening of extreme weather is becoming a global problem, presenting data challenges.
