The $150mn Mexican earthquake layer of the MultiCat Mexico bond is exposed to a magnitude 8.1 earthquake that occurred off the southern coast of Mexico overnight
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.
Probable maximum loss (PML) figures for insurers' exposure to a one-in-100-year event may underestimate the likely insured cost of a direct hit on a populated area, according to Karen Clark, CEO of the eponymous modelling firm.
