A relatively benign second quarter for global catastrophe losses will have been some good news for insurance, reinsurance and insurance-linked securities (ILS) interests after a challenging few years of losses.
Analysts at RBC Capital Markets estimate that natural catastrophe losses were some 30-50% below average for the second-quarter of 2021, which they now believe has taken the year-to-date catastrophe loss burden below average for the first-half of the year.
Because of this, the analysts believe that the major reinsurance firms they track in Europe will not breach their catastrophe loss budgets for Q2, as losses fall within expectations.
