Typhoon Jebi’s loss creep could threaten RenRe’s retro cover: CEO

Source: Business Insurance

July 31, 2019 Kevin O’Donnell, chief executive of Bermuda-based RenaissanceRe Holdings Ltd., said that further loss creep related to typhoon Jebi in Japan could hit its retrocessional cover, Artemis.bm reports. Mr. O’Donnell said that typhoon Jebi is likely to cause up to $15 billion in insured losses, up from RenRe’s initial estimate of $10 billion.