The market for live cat (live catastrophe) trading on the back of the approaching major hurricane Irma has not yet sprung into life, with plenty of potential buyers looking for last-minute protection but only a few trades and a market that is trying to find the right pricing levels to get deals executed.
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It’s very early days to speculate on landfall for major hurricane Irma, which became a Category 5 monster storm this afternoon with winds of 180 mph, but should the forecast track prove correct and Irma make landfall in Florida it is expected that it would hit reinsurance interests hard, according to KBW.
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Latest hurricane Irma updates can be found in this new article. Major category 5 hurricane Irma is currently heading west across the Atlantic, with winds of 180 mph and a forecast that shows maintained intensity and a potential threat to the United States coastline by this weekend, including south Florida, but with some uncertainty in […]
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Asia is home to some of the most vulnerable regions on the globe for natural catastrophes, and the lowest levels of insurance penetration, but according to Munich Re the demand for insurance products in China is on the rise.
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Ever since the devastating M9.0 Tohoku earthquake and tsunami which struck northeastern Japan on the 11th March the area off the eastern coast of Honshu island has been plagued with regular and repeated large aftershocks. The latest of those struck in the last hour or so just off the east coast of Miyagi and Fukushima […]
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