Alternative capital to 'plug' HIM gap: Jefferies

Alternative capital funds and small reinsurers are likely to
lift their loss estimates from hurricanes Harvey, Irma and Maria
(HIM), according to Jefferies.
In a note published this morning analyst Philip Kett and
colleagues cited alternative capital funds run by Markel Catco and
Blue Capital, which increased their reserves late last week. They
suggested unlisted alternative capital providers could follow
suit.
Jefferies' expectation that the gap between estimated and
reported HIM claims will be