Hurricane

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has said it will be making payouts of $15.6mn to Antigua & Barbuda, Anguilla and St Kitts and Nevis following Hurricane Irma.

The National Hurricane Center (NHC) has issued a hurricane watch for the southeastern Florida coast stretching from the Florida Keys to north of West Palm Beach, as Hurricane Irma continues to pummel parts of the Caribbean with 175mph (280kph) sustained winds

S&P Global Ratings estimated that 13 cat bonds may be at risk from the threat posed by Hurricane Irma, based on its ratings data - which covers only a very limited scope of the cat bond market outstanding.

Hurricane Irma is heading for the Florida peninsula almost a century after the 1926 Great Miami hurricane, which would have been the most damaging storm on record had it occurred today

Property and casualty insured losses for Hurricane Harvey will exceed $10bn, AIR Worldwide said yesterday.

Florida is truly the reinsurance market's risk hothouse.

Reinsurers will pick up the brunt of any Florida hit from Hurricane Irma, a powerful category 5 hurricane currently approaching Caribbean islands, including the Virgin Islands and Puerto Rico.

Bermudian (re)insurers project their probable maximum loss (PML) from a 1-in-100-year US windstorm at levels that would wipe up to 10 percent off their equity, with Everest Re and Validus having the highest levels of exposure, according to data collated by sister publication The Insurance Insider.

The Florida Hurricane Catastrophe Fund (FHCF) will pick up a major share of any losses from Hurricane Irma, but the ILS market is relatively under-exposed to this source of potential reinsurance claims.

Reinsurers will pick up the brunt of any Florida hit from Hurricane Irma, a powerful category 5 hurricane currently approaching Caribbean islands, including the Virgin Islands and Puerto Rico.

The track of Hurricane Irma and its strength will be critical in determining how many losses could flow to the insurance market, as modelled loss projections for Category 5 storms affecting Florida vary widely

Nephila Capital provided more than one quarter of the $1bn reinsurance limit bought this year by Florida Citizens Property Insurance - which will be exposed to claims by Hurricane Irma's path towards the state