Hurricane
-
The Category 4 storm could leave up to $12bn in insured losses, analysts said. -
The 2017 hurricanes have deteriorated less steeply than events in previous years, JLT Re said.
-
Recent M&A deals point to the prospect of the ILS market disintermediating the reinsurance channel in future, said KBW analyst Christopher Campbell.
-
AIR issued a range of $2.3bn-$4.5bn for the event which struck Japan on 4 September at the equivalent of a Catastrophe 3 hurricane.
-
A west-northwestward motion with an increase in forward speed is expected during the next couple of days, the NHC said.
-
The cat bond market has been the fastest-growing ILS segment in the past year, Aon said in its latest ILS report.
-
A National Hurricane Center forecast put the hurricane in the vicinity of Bermuda by Tuesday.
-
Tropical Storm Gordon made landfall on Tuesday pounding states along the US Gulf Coast with wind, rain and surge waves.
-
The storm made landfall just west of the Alabama-Mississippi border late on Tuesday night, the National Hurricane Centre said.
-
Reinsurer returns will barely cover the rising cost of capital in 2018 and 2019, according to S&P Global.
-
The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.
-
The National Hurricane Center (NHC) is warning that heavy rainfall will impact the Gulf coast states as tropical storm Gordon heads for land.
