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An “extraordinary” proportion of storms reached Category 5 status this year. -
The peril has been historically difficult to model compared to others.
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After a challenging period, the industry is now earning above its cost of capital.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The (re)insurer has a higher-than-average Jamaican market share.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Widespread underinsurance and low exposures will limit losses.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The company reported no cat losses but saw a jump in attritional losses.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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