Hurricane
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Falling cat bond prices in the wake of hurricanes Harvey, Irma and Maria have already pushed ILS yields up by 15-25 percent, according to the Lane rate-on-line index.
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Hurricanes Harvey, Irma and Maria (HIM) have put 2017 on course to become one of the insurance industry's most expensive years ever, with a high share of claims going to the reinsurance market
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Soft market conditions may have set the scene for longer potential collateral lock-ups after hurricanes Harvey, Irma and Maria, but early negotiations on settlements are still likely, market observers said
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The cat bond market may hit a "speed bump" and slow down temporarily after recent hurricane losses while sponsors review their exposure, said GC Securities head of origination Cory Anger
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The roughly $5bn-$6bn industry loss warranty (ILW) market is expected to be heavily impacted by the series of 2017 hurricane losses
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Annual aggregate cat bonds with industry loss triggers continue to raise concerns for investors as the ILS market recovers from the Harvey-Irma-Maria trio of hurricanes
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Early Hurricane Irma loss reports from Florida insurers suggested that the overall industry loss total may come in lower than feared, with at least one major carrier sparing reinsurers from sharing claims
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Hurricane Maria has compounded fears about how much retro capital could be lost or trapped ahead of the 1 January renewal, when much of the roughly $15bn-$25bn market limit renews
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The impact of hurricanes Harvey, Irma and Maria (HIM) means the ILS sector is in line for one of its more complicated 1 January renewals, despite the fact the market's share of losses will be much more contained than it might have been
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The National Flood Insurance Program (NFIP) would get a $16bn injection of credit under new disaster relief funding, White House budget director Mick Mulvaney told Congress yesterday.
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RenaissanceRe said it would take a net $625mn of losses from the three recent hurricanes and Mexican earthquakes.
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A tropical depression in the western Caribbean is likely to strengthen into Hurricane Nate and could affect the northern Gulf Coast as a hurricane this weekend, according to JLT Re.