Hefty loss ranges for Ian will lock bulk of ILW market, with trapital up

24 October 2022

X
LinkedIn
Show more sharing options

The majority of the $6bn limit ILW market will be trapped at 1 January after PCS pegged its Hurricane Ian loss estimate at $40.1bn last week, sources say.

This comes as the higher-end ranges for Ian’s loss – which averaged $59bn across Verisk, KCC and RMS – suggest more severe implications for overall trapped capital than this publication’s early estimates.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats

Request a free trial Already a subscriber? Login now

Hefty loss ranges for Ian will lock bulk of ILW market, with trapital up

The majority of the $6bn limit ILW market will be trapped at 1 January after PCS pegged its Hurricane Ian loss estimate at $40.1bn last week, sources say.

Fuel a smarter strategy with our actionable market intelligence

Topics

Most Recent

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn

Hefty loss ranges for Ian will lock bulk of ILW market, with trapital up

The majority of the $6bn limit ILW market will be trapped at 1 January after PCS pegged its Hurricane Ian loss estimate at $40.1bn last week, sources say.

Login to continue

Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn