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

23 April 2018

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Harvey loss edges up as aggregate ILWs hang in balance

13 April 2018

The latest PCS loss number for Hurricane Harvey has edged up to $17.1bn, from a prior figure of $15.7bn, sources told Trading Risk.

This has taken the loss tally for aggregate industry loss warranties (ILWs) covering US perils to $38.7bn for hurricanes Irma and Harvey as well as the Tubbs wildfire.

This includes PCS' most recent $14.2bn US-related Irma figure and its $7.7bn tally for the Californian wildfire.

Aggregate ILWs typically only cover US states and therefore exclude offshore territories...

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