MD Claims Group’s Post

Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to fall to reinsurance companies, said AM Best, causing further reinsurance market hardening and creating exposure management challenges for primary companies in the upcoming renewals. More 👉https://ow.ly/9Gx150Q42wP #HurricanOtis #Reinsurance #Hurricanelosses AM Best

Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to fall to reinsurance companies, said AM Best, causing further reinsurance market hardening and creating exposure management challenges for primary companies in the upcoming renewals. More 👉https://ow.ly/Nsvl50Q42yg #HurricanOtis #Reinsurance #Hurricanelosses AM Best

Asia accounted for at least US$17 billion or 40% of nat cat economic losses in the first quarter of 2024 (Q1) and became the only region with above-average Q1 losses driven by the Noto Peninsula earthquake, according to Gallagher Re Q1 2024 natural catastrophe and climate report.   https://lnkd.in/gPi237rT Winter weather in China became one of the ten climate-related billion-dollar economic loss events during Q1 2024. The list also included three severe convective storms, three winter weather and one flooding in the US, drought in Brazil and wildfires in Chile.  To read the full article, take our free trial here: https://lnkd.in/g23jCVrn #natcat #losses #catastrophe #AsiaPacific #China

Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to fall to reinsurance companies, said AM Best, causing further reinsurance market hardening and creating exposure management challenges for primary companies in the upcoming renewals. More 👉https://ow.ly/NGJC50Q42yc #HurricanOtis #Reinsurance #Hurricanelosses AM Best

The list of "reasons why the Fraser Valley is important" is long. Here are just a few reasons to get it started (and why the rejection by the current Federal Government of the critical - and promised - flood mitigation and recovery funds is such an obvious political slap in the face to everyone who lives here): 1. Food Security. The Fraser Valley has THE most productive per acre agriculture land in the nation. These are the Government's own numbers. 2. The Fraser Valley is the main (and cases only) transportation link from critical West Coast ports to the rest of Canada. Without goods and people moving smoothly in both directions, Canada's economy suffers dramatically. 3. Although housing is expensive, it is a much more affordable choice for families vs Greater Vancouver 4. The region historically has the 2nd highest per capita charitable donation level in Canada. The heart is big, strong and vital. These are just a few of the MAJOR reasons that the Fraser Valley matters and needs the attention of leadership at all levels of government. Please find a way to speak up. #fraservalley #abbotsford CYPE - Company of Young Professionals and Entrepreneurs Abbotsford Chamber of Commerce Alex Mitchell MBA

We from Puerto Rico understand you Houston. https://lnkd.in/eTQPeiry Be safe and stay kool. Key is for officials to develop now, short and long term recovery plan

West Florida PRIMARY WATER ALIGNMENT begins down Old CSX- Seminole Gulf Railway

An area the size of Arkansas has already burned. We have cut the amount of carbon we can emit and still get out of the worst of #climatechange in half in the last 3 years alone. Change is not only not happening fast enough, but companies still profit off this current course. All that has happened is an unmitigated acceleration towards chaos. Canada has burned enough to replicate more than 25% of emissions of 2023... We are losing this fight, how can we turn it around? what are your thoughts?

$1B will not help the global reinsurance profitability problem - meaning this fire issue is a wind issue for the continental Gulf and Atlantic coasts. Hopefully we can push through the next four weeks with a quieter than normal hurricane season to offset it. #propertyinsurance #coastalproperty #insurance

Webinar: 2024 ILS Renewal Outlook Twelve Capital is delighted to invite you to a #webinar in order to provide investors and interested clients with an update on 2024 #ils #renewal trends. Worldwide, 01/01 is the most important renewal date for Private ILS - reinsurance and retrocession treaties. While liquid #CatBonds have reached "all-time high" spreads in 2023, investors should also pay attention to the Private ILS market, which shows attractive characteristics as well. We will give an outlook on the 2024 ILS renewal season and discuss topics like whether the hard market will prevail in 2024 and beyond, or how recent hurricane experience will influence the renewals. Register here: https://lnkd.in/ehNS6Vxp