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

24 March 2018

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Cincinnati report $102mn-$114mn of HIM losses

12 October 2017

Cincinnati Financial has announced that it expects to take pre-tax catastrophe losses of $102mn to $114mn in the third quarter, following the recent flurry of catastrophe activity.

Whilst the losses are significant, it is unlikely that the firm's $150mn private Skyline Re 2017-1 cat bond is going to be impacted, given that it only covers severe convective storm loss on a per-occurrence and aggregate basis.

Last week the bond was pricing at 90 cents and above on a number of...

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