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The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn. -
The estimate includes private cover for residential, commercial and industrial property.
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The manager’s ILS allocation now spans six of its seven investment funds.
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RMS will issue its final loss estimates for Milton later this week.
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Plenum said wind damage from Milton could lead to “moderate” losses for its cat-bond funds.
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The company is monitoring the NFIP’s flood-exposed bonds.
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Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
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A $40bn Milton loss should barely dent many ILS returns but will trap some capital.
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On Wednesday, the model had suggested a mean figure at $25.3bn.
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The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
