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New data show major losses are increasing, although claims frequency is stable.
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The total return reinsurers and the Floridian carriers in the index came out on top last week.
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The programme being offered only covers Sempra and CalEdison, but PG&E could be added in future.
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‘Trami-like’ typhoon puts reinsurers on guard after vast Jebi loss creep.
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Delegates say pricing momentum must continue to support a more sustainable market.
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The estimate lags RMS' top-of-the-range loss forecast of $6.5bn for the Caribbean alone.
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It felt a lot more restful heading off to Nice Airport this year than the last two, didn’t it?
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The risk modeller says the bulk of the losses will come from Grand Bahama and Abaco.
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AIR last week predicted up to $3bn in insured losses in the Caribbean from the storm.
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The Bermuda (re)insurer exits management liability, along with marine hull, power and product recall.
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The response follows large losses in recent months and reduced risk appetite among space in insurers.
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The payment comes from a parametric tropical cyclone policy covering the Abaco Islands and Grand Bahama.