Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
PCS puts Riley losses at $1.36bn
- 27 March 2018
PCS has released an initial loss figure for Winter Storm Riley of $1.36bn, sister publication Trading Risk has reported.
Riley hit the US east coast at the beginning of March, bringing snow, rain and flooding to Boston.
The PCS number was released towards the end of last week, according to sources,
The winter storm has already caused losses in the cat bond market.
Last week Trading Risk reported that several low-lying aggregate tranches of Residential Re cat bonds are expected...
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