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The carrier passes on about 36 percent of a total of EUR1.5bn in large claims to reinsurers.
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European windstorm Ciara was the most expensive event of the month.
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A total of 82,000 claims have been made, with the cost of flooded homes accounting for the largest loss.
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APRA chairman Wayne Byres tells lawmakers carriers remain sufficiently capitalised to respond to new events.
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The loss aggregator lifts the tally by EUR10mn from its previous prediction.
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The company also added 5.5 percent, to its Hurricane Michael losses, taking the total to $479mn
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The storms killed 22 people across the state and levelled at least 140 buildings, according to reports.
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Reinsurance chief Jeworrek diverges from rivals, citing limited typhoon activity based on a 30-year view. -
Losses at StarStone narrowed as the carrier cut premiums while Atrium profits were up 90 percent.
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The utility firm also contributed $61mn to a fund to compensate wildfire victims.
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The analyst said claims development in the sector usually takes three to five years.
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The deal boosts Fema’s total reinsurance cover to $2.53bn.
