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Cybersecurity basics could reduce cyberattack costs by up to ~75%. -
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Claims at 9M were 15% higher than the same period in 2023.
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The floods add to an already historic loss tally for Canada in 2024.
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The market grew at a rate of 32% annually from 2017 to 2022.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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The additions included significant reserve bolstering for recent year portfolios 2021-2023.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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The market reacted to the $2.4bn charge in a positive light.
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The company said it is still on target to achieve $3bn net income for the full year.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
