Florence losses likely to be largely retained by insurers: Moody’s

17-09-2018

Florence losses likely to be largely retained by insurers: Moody’s

iStock/ Ferrantraite

Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered.


Hurricane Florence, Property, Casualty, Catastrophe, Insured losses, Cat bonds, Moody's, ILS Funds, Insurance, Reinsurance, Risk transfer, North America

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