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The storm destroyed housing in St Vincent and the Grenadines and Grenada. -
The storm is predicted to hit the Caymans tonight or early Thursday.
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Grenada and St Vincent were spared the full brunt of the storm.
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Loss assessment is ongoing but the event looks likely to be a total loss.
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Hurricane conditions are expected in Jamaica on Wednesday, according to the NHC.
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Aggregated losses are likely to be around the long-term H1 average of $8.5bn.
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The estimate is up from A$1.5bn, published by Perils in April.
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The Gallagher executive called it a “relentless start to the year”.
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Riots erupted in the Pacific Island territory last month over electoral reforms.
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Re-marketing of large fleets can result in double-digit rate decreases as carriers chase income.
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The claims tally has increased 7% since the last estimate a month ago.
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Reinsurance sources say the pool targets the wrong aspects of Australian cat losses.
