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

24 March 2018

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PCS pegs Maria loss at $21.9bn

12 October 2017

Property Claims Services has said that its initial claims toll for Hurricane Maria from US territories is $21.89bn, Trading Risk understands.

The claims tally implies that Maria - which has been subject to the greatest degree of uncertainty - will be more expensive than Hurricane Harvey and could rival Hurricane Irma as the most expensive loss event of the year.

Some senior sources, including reinsurance brokers and carriers with major exposures, had still been talking about a possible $15bn loss,...

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