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Trading Risk

Published by this author:

  • ILS managers are sounding out investors to raise fresh capital to deploy after Hurricane Irma, as buyers of back-up cover move to line up capacity.
  • The ILS sector overall should grow after a major loss event like Irma, even if some capital turns away from the market, Aon Securities CEO Paul Schultz said at the company's Monte Carlo press briefing.
  • 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.
  • 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 westward movement in the track of Hurricane Irma over the last two days means that there is now a 90 percent chance that insured losses from the storm will be $70bn or less, according to modelling firm RMS.
  • The cat bond market this week posted its biggest write-down since indices tracking the sector began in 2002, as the Swiss Re global cat bond price return index fell 15.4 percent.