ILS managers grapple with ‘surprise’ $5bn PCS Milton loss pick
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ILS managers grapple with ‘surprise’ $5bn PCS Milton loss pick

The low PCS number is presenting a challenge for ILW buyers and sellers.

By Liz Bury
November 04, 2024
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hurricane ils.png

The ILS industry was “surprised” by PCS coming out with a $5bn industry loss for Hurricane Milton, according to multiple sources, with managers head-scratching over how to bridge the gap between PCS and their in-house assumptions and modelled numbers.

The...

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Topics

AnalysisRetrocessionILS managersILS investorsILWsCatastrophe bondsFlorida
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