Hurricane

Hannover Re has said it may not reach its profit guidance of EUR1bn ($1.20bn) for the third quarter because of further strain put on its catastrophe budget by the Mexican earthquake and Hurricane Maria.

Tropical Storm Risk shows the track of Hurricane Maria bending away from the US mainland in the next two days.

Allstate will incur net losses of $553mn from Hurricane Harvey, the Illinois carrier has forecast

The Kilimanjaro Re series of cat bonds are among around a dozen deals with exposure to Caribbean hurricane risk, as Hurricane Maria hit Puerto Rico as a Category 4 hurricane

Markel Catco said it had reserved for a 6 percent hit to net asset value in August as a result of Hurricane Harvey, but that it was too early to give an estimate of Irma claims

What a difference a week makes.

Hurricane Maria has made landfall in Puerto Rico at category 4 strength producing winds of up to about 155 mph (249 kph).

Modelling firm RMS estimated that insured losses from Hurricane Irma will range from $35bn to $55bn, including up to $5.5bn of National Flood Insurance Program (NFIP) claims and as much as $20bn in Caribbean losses.

Florida insurers received about 330,000 claims worth $1.95bn in the week following Hurricane Irma, according to preliminary data compiled by the Florida Office of Insurance Regulation.

A number of Florida-exposed cat bonds remained heavily marked down amid a rebound in pricing following Hurricane Irma.

Hurricane Irma is likely to cost private market property insurers between $22.5bn-$27.0bn, modelling agency CoreLogic said today.

Hurricane Maria has strengthened to a category 4 hurricane and is forecast to approach the British Virgin Islands and Puerto Rico as an extremely dangerous category 4 or 5 hurricane. The Hurricane had strengthened to a Hurricane 5 when it ploughed into Dominica at 21:15 Atlantic Standard Time with wind speeds of 160 mph (260 kph).