HVRRY - Q1 Catastrophe Losses 33% Higher Than 10-Year Average: Jefferies

• The majority of the catastrophe loss burden for the first quarter of 2021 were to be found in the United States at an estimated $17 billion.
• The increase in estimate for the severe US winter weather to $15.3 billion is quite meaningful, as Jefferies' previous estimate for that event had been just up to $12.5 billion.
• For the insurance-linked securities market, there are some catastrophe bond losses to contend with, as well as some impacts to private ILS quota shares and collateralized reinsurance deals.

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