The track of Hurricane Irma and its strength will be critical in determining how many losses could flow to the insurance market, as modelled loss projections for Category 5 storms affecting Florida vary widely
Florida's personal and commercial residential market is dominated by regional and Florida specialist insurers, many of whom make extensive use of ILS reinsurance
Nephila Capital provided more than one quarter of the $1bn reinsurance limit bought this year by Florida Citizens Property Insurance - which will be exposed to claims by Hurricane Irma's path towards the state
