-
Kin’s reinsurance structuring means the bond’s losses will be kept to a minimum. -
‘Life-threatening’ storm surge and hurricane-force winds expected for the state, according to the NHC.
-
Francine is expected to make landfall in Louisiana tomorrow.
-
The estimate from the Perils-owned company does not include any losses from Hurricane Debby.
-
A hurricane watch is now in effect for the Louisiana coastline.
-
Most of the ILS capital was attracted to the cat bond market.
-
Cat bond funds continue to draw interest as private ILS more challenged.
-
Some Canadian cedants have approached the market for top-up cover.
-
The loss has increased by 1.4% since the company’s first assessment.
-
The broker said it expects strong ILS capital inflows to continue.
-
-
Urban expansion, climate change and inflation are key drivers of losses.
