Hurricane

Swiss Re has estimated third quarter pre-tax losses from hurricanes Harvey, Irma and Maria (HIM) and the two Mexican earthquakes at $3.6bn, net of retrocession

JLT Re North America CEO Ed Hochberg has said the scale of insured losses from Hurricane Maria could result in ILS investors changing their view of risk and return.

Zurich is anticipating claims of $717mn in the third quarter following the recent hurricane events.

Hurricanes Irma and Maria together with the Mexican earthquakes led Blue Capital's London-listed Alternative Income fund to report a 26 percent loss to net asset value (NAV) in September, the firm said today.

Markel Catco has applied further loss reserves of 14 percent of September net asset value (NAV) following the recent hurricanes, which brings the company's total loss reserves for the recent disaster activity to 20 percent, according to a London Stock Exchange announcement.

RMS has estimated that insured losses from Hurricane Nate which hit Louisiana and Mississippi a week ago at Category 1 strength are unlikely to exceed $500mn.

The 2017 hurricane losses have highlighted areas where standardised reporting from ILS managers could help investors understand their exposures.

Axis Capital said it would recover $136mn of a gross $458mn reinsurance loss from its retrocession covers following the recent hurricanes and earthquakes.

The prospect of modest reinsurance rate increases after the 2017 hurricanes may be enough to keep ILS investors who had been reconsidering their allocation to the sector involved, according to Todor Todorov, head of ILS research at Willis Towers Watson.

Cincinnati Financial has announced that it expects to take pre-tax catastrophe losses of $102mn to $114mn in the third quarter, following the recent flurry of catastrophe activity.

The ILS market could be on track to take 20 to 30 percent of the roughly $100bn industry losses anticipated from hurricanes Harvey, Irma and Maria, according to CEO of Horseshoe Group Andre Perez.

The ILS market could be on track to take 20 to 30 percent of the roughly $100bn industry losses anticipated from hurricanes Harvey, Irma and Maria, according to CEO of Horseshoe Group Andre Perez.