- 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.
For further details see:
Q1 Catastrophe Losses 33% Higher Than 10-Year Average: Jefferies