After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …
Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …
Enough capacity remains available in the (re)insurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils as the U.S. tropical storm season approaches, according to Fitch Ratings’ annual hurricane season desk reference report. This is the …