Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Hurricane Ian 2022

Hurricane Ian roared ashore in Florida as a major Category 4 storm, with sustained winds of up to 155 mph on September 28th, 2022.

Hurricane force winds raked a wide area of Florida’s west coast, while storm surges of up to 12 feet devastated the region around Fort Myers.

Early industry loss estimates ranged from as low as $20bn to as high as $80bn, but eventually more consensus emerged for an industry loss somewhere in a range from $30bn to $50bn.

Losses are expected across the reinsurance capital spectrum, with significant impacts for insurance-linked securities (ILS) funds and some catastrophe bonds.

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