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U.S.-based Willis Re Securities said that catastrophe-related loss creep declined substantially for the insurance-linked securities market worldwide in the second quarter of this year, Artemis.bm reports. Willis Re Securities said that loss creep related to hurricanes and the Chiapas earthquake in 2017 grew to more than $1 billion, or 4.2% of the nonlife catastrophe bond risk capital in the second quarter of this year.