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According to BMS, Hurricane Beryl is likely to be a retained event for most insurance carriers. -
Insured losses could be less than $1bn if current NHC forecasts are accurate.
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The storm destroyed housing in St Vincent and the Grenadines and Grenada.
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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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Hurricane conditions are expected in Jamaica on Wednesday, according to the NHC.
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The Gallagher executive called it a “relentless start to the year”.
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This takes pre-tax year-to-date cat losses to $2.62bn.
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Alberto is the first named storm of this year’s hurricane season.
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An “above average” hurricane season could spell disaster, but forecasts are not gospel.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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An EF-4 tornado devastated Greenfield Iowa, adding to the expected multi-billion-dollar toll.
