Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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AIR shrinks Maria loss estimate by 40%

7 December 2017

AIR Worldwide has slashed its range of loss estimates for Hurricane Maria to $27bn-$48bn, down from an initial $40bn-$85bn range.

It put losses in Puerto Rico between $25bn and $43bn.

The estimates are still higher than the $15bn to $30bn range put out by rival modelling firm RMS.

AIR Worldwide said that the significant drop in the upper end of its estimate was driven mainly by a review of the storm's intensity over the US commonwealth.

It also re-analysed Maria&#...

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