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9 July 2024Insurance

US insurers face up to $1.2bn hit from Hurricane Beryl: BMS Re

The US insurance industry losses from Hurricane Beryl could range from $750 million to $1.2 billion with carriers likely retaining losses, broker BMS Re has indicated.

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Hurricane Beryl intensifies to category 5, heads straight for Jamaica

2 July 2024 Beryl is the earliest category 5 hurricane on record in the Atlantic.

Beryl’s early strike may hike reinsurance prices; Caribbean carriers’ impact ‘more severe’

4 July 2024 AM Best warns Caribbean carriers may face higher earnings impact due to increased retentions.

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3 July 2024 So far, only one cat bond issued by the Jamaican Government is expected to be activated.

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