Lender-placed property policies are more exposed to flood claims from Hurricane Harvey than standard residential policies, as Credit Suisse analyst John Nadel highlighted in a note on Assurant's exposure to the disaster.
AIR Worldwide put insured wind and storm surge losses from Hurricane Harvey at $1.2bn to $2.3bn, joining low single-digit estimates from other modelling agencies.
There was some livecat industry loss warranty (ILW) trading in the run-up to Hurricane Harvey, with activity focused on trades at the $10bn loss level.
Average ILS fund returns came to 0.57 percent in July, as natural disasters in China and Japan had little impact on the market, according to the Eurekahedge ILS Advisers Index.
The line-up of major auto insurance writers in Texas is similar to the list of dominant homeowner insurers, with national carriers dominating, according to AM Best data.
