Published: Fri 11 Oct 2024

Fitch: Milton not expected to exhaust most Florida specialists’ cat reinsurance programs

Hurricane Milton is not likely to affect credit for rated P&C insurers and global reinsurers, Fitch Ratings has said, adding that it does not expect most Florida property insurance specialists’ reinsurance programs to be exhausted.

Insurance

Florida

Reinsurance

Losses

Property catastrophe

Homeowners insurance

US / Americas

Published: Fri 11 Oct 2024

Early post-landfall Aon estimate puts Milton insured losses at $25bn-$40bn

Hurricane Milton to cause 0-4% loss to cat bond market: Twelve Capital

Moody’s RMS post-landfall Milton stochastic events output points to $11.8bn mean wind loss

Sub-$50bn Milton loss to materially impact Q4 earnings with “modest boost” to 2025 pricing

Intact and Definity increase Q3 cat estimates as Canadian losses continue to mount

Jefferies: Sub-$50bn Milton loss unlikely to drive property ri rate increases in 2025

Early post-landfall Aon estimate puts Milton insured losses at $25bn-$40bn

Hurricane Milton to cause 0-4% loss to cat bond market: Twelve Capital

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Satellite imagery shows Milton flood losses similar to Helene but wind losses likely larger

Moody’s RMS post-landfall Milton stochastic events output points to $11.8bn mean wind loss

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Fitch: Milton not expected to exhaust most Florida specialists’ cat reinsurance programs

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Early post-landfall Aon estimate puts Milton insured losses at $25bn-$40bn

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