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Hurricane Michael


Daphne
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You saw $6B?  I saw a couple of reports of $4.5B.  I kind of figured that the insurers got a bit lucky that Michael hit a region that wasn't too populated.  Florence was even less, probably because it was mainly a rain event.

 

Would FFH's share of Michael losses be $200m or maybe $300m?  Plus a bit more for Florence?  Call them cats, but they weren't really bad cats...

 

 

SJ

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Still early especially for H. Micheal but I come up with lower estimates. H. Micheal may proportionally cost more to FFH due to the wind over rain factor and increased related burden on reinsurers.

Last year, each of Harvey, Irma and Maria came to about 30B of insured losses and FFH picked up a bill (net of reinstatements) of about 300M for each on average with Allied World's share at about 45% of total FFH exposure. I assume AW's catastrophe exposure has been decreased (going to higher layers?) but we'll see.

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