Hefty loss ranges for Ian will lock bulk of ILW market, with trapital up
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Hefty loss ranges for Ian will lock bulk of ILW market, with trapital up

Fiona Robertson, 
Liz Bury
24 October 2022
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The majority of the $6bn limit ILW market will be trapped at 1 January after PCS pegged its Hurricane Ian loss estimate at $40.1bn last week, sources say.

This comes as the higher-end ranges for Ian’s loss – which averaged $59bn across Verisk, KCC and RMS – suggest more severe implications for overall trapped capital than this publication’s early estimates.

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Topics

Analysis News Claims and losses Hurricane ILWs Catastrophe bonds
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Fiona Robertson
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