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Trading Risk

Published by this author:

  • Hurricane Irma is likely to be a pivotal but ultimately absorbable event for the market, (re)insurers have said at the Monte Carlo Rendez-Vous.
  • The common denominator among almost all of Florida's homeowners' carriers is their relatively small capital bases and their heavy reliance on reinsurance.
  • Perils said limits at risk placed using its industry loss data reached $3.1bn as of 31 August, up 17 percent on $2.7bn recorded at the same point last year, due to the addition of Australia and Turkey to the database.
  • Hurricane Irma made landfall on the Florida peninsula at Marco Island in southwest Florida at 3.35pm EDT as a category 3 hurricane, just above the Everglades National Park and 57 miles south of the port of Fort Myers.
  • The collaborators involved in insurance industry blockchain initiative 3i said that their technology could help cut administrative costs by a third.
  • Sunday morning forecasts showed Hurricane Irma's projected path continuing to drift west, with the storm expected to brush the Florida coast near Fort Myers and passing close to Tampa before moving on towards the Panhandle and in-land towards Georgia.