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ILS could bear up to $18 billion in hurricane-related losses

Posted On: Sep. 11, 2018 6:24 AM CST

U.S.-based rating agency A.M. Best Co. Inc. said that the insurance-linked securities market is likely to record up to $18 billion in catastrophe-related losses from the 2017 hurricanes Harvey, Irma and Maria, reports. A.M. Best said that the collateralized reinsurance and retrocession sector is likely to bear the brunt of the hurricane-related losses. The catastrophe bond market is expected to record about $500 million in losses related to the hurricanes. The ILS market is likely to have lost up to 20% of its capital and capacity due to the storms.

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