Entropics reported a 5.53 percent decrease in returns for its institutional Cat Bond Fund - Class (I) in September, down from a positive return of 0.56 percent in August.
The PCS loss estimates for hurricanes Harvey and Irma, of $15.9bn and $18.0bn respectively, would not trigger any of XL Catlin's $1.88bn of cat bonds, according to Buckingham Research Group analyst Amit Kumar.
MS Amlin parent MS&AD has estimated its pre-tax losses from hurricanes Harvey, Irma and Maria and the Mexican earthquakes at 70bn yen to 110bn yen ($621mn-$976mn)
For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds as the storm battered Florida on the Sunday evening of the Rendez-Vous.
Tropical Storm Nate is forecast to reach hurricane strength by the time it reaches the northern Gulf Coast this weekend, the National Hurricane Center (NHC) said
