Helene accounted for half of WR Berkley’s $98mn Q3 cat losses

Published: Tue 22 Oct 2024

WR Berkley’s CEO has commented that Hurricane Helene accounted for about half of its $98mn Q3 catastrophe losses and that it is too early to give a figure for Q4’s Hurricane Milton, with the executive stating it will still be a challenge for reinsurers to keep rates flat despite the storms.