The ILS market is prepared to absorb a $40bn Hurricane Milton loss
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The ILS market is prepared to absorb a $40bn Hurricane Milton loss

A $40bn Milton loss should barely dent many ILS returns but will trap some capital.

By Liz Bury
October 11, 2024
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A member of the Pasco County Sheriff's Office goes out to help residents trapped in their homes as waters rise after Hurricane Milton caused the Anclote River to flood, Friday, Oct. 11, 2024, in New Port Richey, Fla. (AP Photo/Mike Carlson)

The impact of a ~$40bn catastrophe on ILS portfolios will be less painful today, in real terms, than it would have been five years ago – largely because of work that has been done to manage exposures.

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Topics

Catastrophe losses Hurricane Claims and losses Florida Property treaty Retrocession ILS managers Opinion
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